FIN 215 – Consider a $3,000 deposit earning 9 percent interest per year
June 7th, 2024
Consider a $3,000 deposit earning 9 percent interest per year for four years.How much is interest earned on interest? (Do not round intermediate calculations and round your final answer to 2 decimal places.)How much total interest is earned on the original deposit?(Do not round intermediate calculations and round your final answer to 2 decimal places.)