SOLUTION: If $2000 is invested in an account that earns 8.25% compounded annually for 5 years, find the interest earned during each year and the amount in the account at the end of each year

Question 548166: If $2000 is invested in an account that earns 8.25% compounded annually for 5 years, find the interest earned during each year and the amount in the account at the end of each year. Organize your results in a table.
Answer by mananth(16946) (Show Source): You can put this solution on YOUR website!
principal int amount
2000, 165, 2165
2165, 178.61, 2343.61
2343.61,193.35, 2536.96
2536.96,209.3, 2746.26
2746.26,226.57, 2972.83

End of 972.83 2972.83
5 years
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