Big-Bucks Financial provides a Regional Market Growth Fund that pays you 6 percent per year. If you invest $20,000 today,

1. How much will you have in the beginning of 3^rd year from now? [2 points]
2. How much would you get if the fund pays simple interest during the three years. [2 points]
3. How much interest youll get when compounding for the 3 years? [4 points]
4. How much more interest youll get when compounding for the 3 years compared with simple interest?

need the formula and soloution