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Question Help P5-11 (similar to) (Related to Checkpoint 5.2) (Future value) (Simple and compound interest) If you deposit $1,000 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 doposit $1,000 today into an account earning an annual rate of return of 8% in the third year how much interest would be eamed? $ (Round to the nearest cent) Enter your answer in the answer box and then click Check Answer 2 parts emaining