If you put $6,000 in a savings account that pays interest at the rate of 3 percent, compounded annually, how much will you have in five years? how much interest will you earn during the five years? if you put $6,000 each year into a savings account that pays interest at the rate of 4 percent a year, how much would you have after five years?

Year 1 Year 2 Year 3 Year 4 Year 5

Starting Balance

Interest Earned

Ending Balance

Additional Deposits