yr. 3 - 21,632 x .04 = 865.28 i
total yeild at the end of year 3 is 22,497.28 or 2,497.28 over investment
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6275 will be worth 10001.40 while 6274 will not be enough.
8029.35
It depends on when it's compounded. Left alone and compounded annually, the total is 441.87.
Compounded yearly, you would end up with $11,901.16
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.