The value of $70.00 invested each year for five years, at an annual interest rate of 3% is as follows, and assumes the interest is left in the account at the end of each year. Principal Interest balance at end of year Year 1 $ 70.00 $ 2.10 $ 72.10 Year 2 $142.10 $ 4.20 $146.30 Year 3 $216.30 $ 6.49 $222.79 Year 4 $292.79 $ 8.79 $301.58 Year 5 $371.58 $11.14 $382.72 - final value at the end of five years