$($Related to Checkpoint$5\mathrm{.}2)($Future value$)($Simple and compound$$ interest$)$If you deposit $$$$5$ comma $000$ today into an account earning an annual rate of return of $11$percent$,$ in the third year how much interest would be$$ earned? How much of the total is simple interest and how much results from compounding of$$ interest?

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Part $1$

If you deposit $$$$5$ comma $000$ today into an account earning an annual rate of return of $11\%,$ in the third year how much interest would be$$ earned?

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enter your response here$($Round to the nearest$$ cent.$)$