Tyler’s bank pays 7% a year interest on the previous year's balance. For the first year, Tyler had $2,000.00 on deposit at the bank. If each year Tyler does not withdraw any money, finish filling in the following to see how much money Tyler will end up with after 4 years. Multiply each year's beginning balance by the interest rate and then calculate the new total balance (Total X 7% or .07). Round each calculation to the nearest penny. Beginning Balance $2,000.00
Interest earned in Year 1 $ TOTAL $
Interest earned in Year 2 $ TOTAL $
Interest earned in Year 3 $ TOTAL $
Interest earned in Year 4 $ TOTAL $