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9. (7 points) You invest $12,000 at a 7% interest rate compounded annually for 3 years (Round answers to the nearest cent): e. Calculate
9. (7 points) You invest $12,000 at a 7% interest rate compounded annually for 3 years (Round answers to the nearest cent): e. Calculate the interest amount for the first year. f. Calculate the interest amount for the second year. g. Calculate the interest amount for the third year. h. Calculate the total interest amount for the 3 years. i. Calculate the balance in the account at the end of the 3 years.
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