Question: (Rolated to Checkpoint 5.2) (Future value) (Simple and compound interest) if you deposit $1,000 foday into an account earning an annual rate of retum of

(Rolated to Checkpoint 5.2) (Future value) (Simple and compound interest) if you deposit $1,000 foday into an account earning an annual rate of retum of 11 percent, in the third year how much interest would be eamed? How much of the total is simple linterest and how much results from compounding of interest? Tyou deposit 51,000 today into an account earing an annual rate of retum of 11$, in the oved year how much inderest would be eamed? (focund to the nearest cent)

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