Answered You can hire a professional tutor to get the answer.
Consider a $1,000 deposit earning 7 percent interest per year for six years. What is the future value?
Consider a $1,000 deposit earning 7 percent interest per year for six years.
What is the future value? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Future value? ______$
How much total interest is earned on the original deposit? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Total interest earned? ____$
How much is interest earned on interest? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Interest earned on interest? ______$