1. You have $2,800 to invest today at 8% interest compounded annually:

   a. (1) At the end of 3 years, the amount you will have accumulated is $. ? (Round to two decimal points.)

   (2) At the end of 6 years, the amount you will have accumulated is $. ? (Round to two decimal points.)

   (3) At the end of 9 years, the amount you will have accumulated is $. ? (Round to two decimal points.)

   b. (1) From your findings in part a, the amount of interest earned in the first 3 years (years 1 to 3) is $. ? (Round to two decimal points.)

   (2) From your findings in part a, the amount of interest earned in the second 3 years (years 4 to 6) is $. ? (Round to two decimal points.)

   (3) From your findings in part a, the amount of interest earned in the third 3 years (years 7 to 9) is $. ? (Round to two decimal points.)

   c. According to the findings in part b, the amount of interest earned (choose between 'increases', 'decreases', or 'remains the same') in each succeeding 3-year period due to (choose between 'compounding', 'future value', or 'present value'), the earning of interest on previous interest earned.