consider a $1,200

7. value: 7.69 points Problem 4-21 Interest-on-Interest (LG4-3) Consider a $1,200 deposit earning 8 percent interest per year for five years. What is the future value? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value How much total interest is eaned on the original deposit? (Do not round intermediato calculations and round your final answer to 2 decimal places.) Total interest earned How much is interest eamed on interest? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Interest earned on interest Hints References eBook & Resources