Need help with completing the table below with the amounts you would have if you invested $1,000 for at 5% interest with simple interest and with interest compounded annually. Round to the nearest cent.
Compound Interest
1 year $1050
2 years $
3 years $
4 years $
5 years $

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I know that for the first year it's $1050

$1100 for year two?

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