Suppose you invest $1,000 in an account paying 8% interest per year. a. What is the...

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Suppose you invest $1,000 in an account paying 8% interest per year. a. What is the balance in the account after 3 years? How much of this balance corresponds to "interest on interest"? b. What is the balance in the account after 25 years? How much of this balance corresponds to "interest on interest"? a. What is the balance in the account after 3 years? The balance in the account after 3 years is $ (Round to the nearest cent.) How much of this balance corresponds to "interest on interest"? The amount that corresponds to interest on interest is $ (Round to the nearest cent.) b. What is the balance in the account after 25 years? The balance in the account after 25 years is $ (Round to the nearest cent.) How much of this balance corresponds to "interest on interest"? The amount that corresponds to interest on interest is $ (Round to the nearest cent.) Suppose you invest $1,000 in an account paying 8% interest per year. a. What is the balance in the account after 3 years? How much of this balance corresponds to "interest on interest"? b. What is the balance in the account after 25 years? How much of this balance corresponds to "interest on interest"? a. What is the balance in the account after 3 years? The balance in the account after 3 years is $ (Round to the nearest cent.) How much of this balance corresponds to "interest on interest"? The amount that corresponds to interest on interest is $ (Round to the nearest cent.) b. What is the balance in the account after 25 years? The balance in the account after 25 years is $ (Round to the nearest cent.) How much of this balance corresponds to "interest on interest"? The amount that corresponds to interest on interest is $ (Round to the nearest cent.)