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 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 eamed? 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 eaming an annual rate of return of 8%, in the third year how much interest would be earned? (Round to the nearest cent)

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