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K Complete the table, for the following investments, which shows the performance (interest and balance) over a 5-year period. Suzanne deposits $3000 in an account
K Complete the table, for the following investments, which shows the performance (interest and balance) over a 5-year period. Suzanne deposits $3000 in an account that earns simple interest at an annual rate of 2.7%. Derek deposits $3000 in an account that earns compound interest at an annual rate of 2.7% and is compounded annually. Complete the following table. (Round to the nearest dollar as needed.) Suzanne's Derek's Suzanne's Derek's Year Annual Annual Balance Balance Interest Interest 1 FA $ 2345 Suzanne's Suzanne's Derek's Annual Year Annual Interest Balance Interest Derek's Balance 1 $ 81 $ 3081 $ 81 $ 3081 $ - EA EA EA EA $ i Vi (1,1) More
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