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Related to Checkpoint 5.2)(Future value)(Simple and compound interest)If you deposit $15,000 today into an account earning an annual rate of return of 8 percent, in
Related to Checkpoint 5.2)(Future value)(Simple and compound interest)If you deposit $15,000 today into an account earning an annual rate of return of 8 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? Question content area bottom Part 1 If you deposit $15,000 today into an account earning an annual rate of return of 8%, in the third year how much interest would be earned? $ enter your response here(Round to the nearest cent.)
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