Lena deposits $40,000 into an account that pays 6% interest per year, compounded annually. Ravi deposits $40,000 into an account that also pays 6% per year. But it is simple interest. Complete the table below by giving the interest each person will earn for each year. Lena's account (Interest compounded annually) Ravi's account (Simple interest) (a) Interest earned during the first year (b) Interest earned during the second year (c) Interest earned during the third year Check Explanation O 2022 McGraw Hill LL X.

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