Answer each of the following independent questions. Ignore personal income taxes.

Required:

Suppose you invest $$4,000$ in an account bearing interest at the rate of $12$ percent per year. Complete the table to show how your

accumulation grows each year to equal $$7,896\mathrm{.}00$ after six years.

You have estimated that your educational expenses over the next three years will be $$14,500$ per year. Your account bears interest

at $9$ percent per year. Complete the table given below to show that $$36,699\mathrm{.}50$ is the amount you need to fund your educational

expenses.

Complete this question by entering your answers in the tabs below.

Suppose you invest $$4,000$ in an account bearing interest at the rate of $12$ percent per year. Complete the table to show how

your accumulation grows each year to equal $$7,896\mathrm{.}00$ after six years. $($Round your answers to $2$ decimal places.$)$