Question
Consider a $3,000 deposit earning 9 percent interest per year for four years. What is the future value? (Do not round intermediate calculations and round
Consider a $3,000 deposit earning 9 percent interest per year for four years. What is the future value? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value $ 4234.74 How much total interest is earned on the original deposit? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Total interest earned $ 1234.74
How much is interest earned on interest? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Interest earned on interest
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