Question: (Related to Checkpoint 5.2) (Future value) (Simple and compound interest) If you deposit $5,000 today into an account earning an annual rate of return of

(Related to Checkpoint 5.2) (Future value) (Simple and compound interest) If

(Related to Checkpoint 5.2) (Future value) (Simple and compound interest) If you deposit $5,000 today into an account earning an annual rate of return of 8 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? If you deposit $5,000 today into an account earning an annual rate of return of 8%, in the third year how much interest would be earned? $ 466.56 (Round to the nearest cent.) How much of the total is simple interest? $ 400.0 (Round to the nearest cent.) How much results from compounding of interest? $ (Round to the nearest cent.)

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