P5-5 (similar to) Question Help Time value Personal Finance Problem You have $2,800 to invest today at 12% 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.)