(Future value) (Simple and compound interest) If you deposit $15,000 today into an account earning an annual rate of return of 9 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?
If you desposit $15,000 today into an account earning an annual rate of return of 9%, in the third year how much interest would be earned
$___ (round to the nearest cent)
(Please show all work, on the financial calculator)