Question: (Related to Checkpoint 5.2) (Future value) (Simple and compound interest) If you deposit $5,000 todoy into an account oarning an annual fate of rotum of

(Related to Checkpoint 5.2) (Future value) (Simple and compound interest) If you deposit $5,000 todoy into an account oarning an annual fate of rotum of 10 percent, in the third year how much interest would be eamed? How much of the total is simple interest and how much results from compouning of interest? If you deposit $5,000 today into an acoount eaming an annual rate of retum of 10%, in the third year how much interest would be eamed? (Round to the nearest cent)

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