Homework: Week 2 - Chapter 5 Save Score: 0 of 20 pts 2 of 5 (1 complete) HW Score: 20%, 20 of 100 p P5-5 (similar to) 3 Question Help Time value Personal Finance Problem You have $4,100 to invest today at 8% interest compounded annually a. Find how much you will have accumulated in the account at the end of (1) 4 years, (2) 8 years, and (3) 12 years. b. Use your findings in part a to calculate the amount of interest earned in (1) the first 4 years (years 1 to 4), (2) the second 4 years (years 5 to 8), and (3) the third 4 years (years 9 to 12) c. Compare and contrast your findings in part b. Explain why the amount of interest earned increases in each succeeding 4-year period. a. (1) At the end of 4 years, the amount you will have accumulated is $. (Round to the nearest cent) Enter your answer in the answer box and then click Check Answer parts remaining ear All