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(Future value) (Simple and compound interest) If you deposit $15,000 today into an account earning an annual rate of return of 9 percent, in the

(Future value) (Simple and compound interest) If you deposit $15,000 today into an account earning an annual rate of return of 9 percent, in the third year how much interest would be earned? How much of the total is simple interest and how much results from compounding of interest?

If you desposit $15,000 today into an account earning an annual rate of return of 9%, in the third year how much interest would be earned

? $___ (round to the nearest cent)

(Please show all work, on the financial calculator)

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