Investment Account Fund Balance

Tables Provided

On January 1, you deposited $7,000 in an investment account. The account will earn 10 percent annual compound interest, which will be added to the fund balance at the end of each year. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. What will be the balance in the account at the end of 10 years? 2. What is the interest for the 10 years? 3. How much interest revenue did the fund earn in the first year? the second year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What will be the balance in the account at the end of 10 years? (Round "Future Value" to nearest whole dollar amount.) Table or Calculator Function: Present Value: Future Value: Required 1 Required 2 Required 3 What is the interest for the 10 years? (Round your final answer to the nearest whole dollar amount.) Interest Required 1 Required 2 Required 3 How much interest revenue did the fund earn in the first year? the second year? (Round your final answer to the nearest whole dollar amount.) Interest Revenue First Year Second Year TABLE C.1 Future Value of $1 Periods 7 S 9 10 20 2% 3% 1.00000 1.00000 1.02000 1.03000 1.04040 1.06090 1.06121 1.09273 1.08243 1.12551 1.10405 1.15927 1.12616 1.19405 1.14869 1.22987 1.17166 1.26677 1.195091.30477 1.21899 1.34392 1.43595 1.50611 9% 10% 1.00000 1.00000 1.09000 1.10000 1.15510 1.21000 1.29503 1.33100 1.41158 1.46410 1.53862 1.61051 1.67710 1.77156 1.82804 1.94872 1.99256 2.14359 2.17189 2.35795 2.36736 2.59374 5.60441 6.72750 3.75% 1.00000 1.03750 1.07641 1.11677 1.15565 1.20210 1.24715 1.29395 1.34247 1.39281 1.44504 2.08515 11% 1.00000 1.11000 1.23210 1.36763 1.51807 1.68506 1.87041 2.07616 2.30454 2.55504 2.53942 9.06231 4% 4.25% 5% 1.00000 1.00000 1.00000 1.04000 1.04250 1.05000 1.051601.05681 1.10250 1.12486 1.13300 1.15763 1.16986 1.18115 1.21551 1.21665 1.23135 1.27628 1.26532 1.28368 1.34010 1.31593 1.33824 1.40710 1.36857 1.39511 1.47746 1.42331 1.45440 1.55133 1.48024 1.51621 1.62889 2.19112 2.29891 2.65330 12% 13% 14% 1.00000 1.00000 1.00000 1.12000 1.13000 1.14000 1.25440 1.276901.29960 1.40493 1.44290 1.48154 1.57352 1.63047 1.68896 1.76234 1.84244 1.92541 1.97382 2.08195 2.19497 2.21068 2.35261 2.50227 2.47596 2.658442.85259 2.7730S 3.00404 3.25195 3.10585 3.39457 3.70722 9.64629 11.52309 13.74349 6% 7% 8% 1.00000 1.00000 1.00000 1.06000 1.07000 1.08000 1.12360 1.14490 1.16640 1.191021.22504 1.25971 1.26243 1.31050 1.36049 1.33823 1.40255 1.46933 1.41852 1.50073 1.58687 1.50363 1.60575 1.71352 1.59355 1.71519 1.55093 1.68948 1.83846 1.99900 1.79035 1.96715 2.15892 3.20714 3.36965 4.66096 15% 20% 25% 1.00000 1.00000 1.00000 1.15000 1.20000 1.25000 1.32250 1.44000 1.56250 1.52085 1.72500 1.95313 1.749012.07360 2.44141 2.01136 2.48832 3.05176 2.31306 2.98598 3.81470 2.66002 3.58319 4.76837 3.059024.29982 5.96046 3.51785 5.159787.45058 4.04556 6.19174 9.31323 16.36654 38.33760 56.73617 Periods 2 cou w 10 20 TABLE C.2 Present Value of $1 Periods 7 20 Periods 2% 3% 3.75% 4% 4.25% 5% 6% 7% 8% 0.98039 0.97057 0.96386 0.96154 0.95923 0.95238 0.94340 0.93458 0.92593 0.96117 0.94260 0.92902 0.92456 0.92013 0.90703 0.89000 0.87344 0.55734 0.94232 0.91514 0.59544 0.88900 0.35262 0.56384 0.53962 0.81630 0.79383 0.92385 0.35849 0.56307 0.85450 0.84663 0.32270 0.79209 0.76290 0.73503 0.90573 0.86261 0.83185 0.82193 0.81212 0.78353 0.74726 0.71299 0.68058 0.85797 0.83748 0.80181 0.79031 0.77901 0.74622 0.70496 0.66634 0.63017 0.87056 0.81309 0.77283 0.75992 0.74725 0.71069 0.66506 0.62275 0.58349 0.85349 0.78941 0.74490 0.73069 0.71679 0.67684 0.62741 0.58201 0.54027 0.83676 0.76642 0.71797 0.70259 0.68757 0.64461 0.59190 0.54393 0.50025 0.82035 0.74409 0.69202 0.67556 0.65954 0.61391 0.55839 0.50335 0.46319 0.67297 0.55368 0.47859 0.45639 0.43499 0.37689 0.31130 0.25842 0.21455 9% 10% 11% 12% 13% 14% 15% 20% 25% 0.91743 0.909090.90090 0.89286 0.88496 0.87719 0.86957 0.83333 0.50000 0.84168 0.82645 0.81162 0.79719 0.78315 0.76947 0.75614 0.69444 0.64000 0.77215 0.75131 0.73119 0.71175 0.69305 0.67497 0.65752 0.57870 0.51200 0.70943 0.68301 0.65873 0.63552 0.61332 0.59205 0.57175 0.45225 0.40960 0.64993 0.62092 0.59345 0.56743 0.54276 0.51937 0.49715 0.40158 0.32768 0.59627 0.56447 0.53464 0.50663 0.45032 0.45559 0.43233 0.33490 0.26214 0.54703 0.51316 0.48166 0.45235 0.42506 0.39964 0.37594 0.27908 0.20972 0.50187 0.46651 0.43393 0.40355 0.37616 0.35056 0.32690 0.23257 0.16777 0.46043 0.42410 0.39092 0.36061 0.33288 0.30751 0.28426 0.19351 0.13422 0.42241 0.35554 0.35213 0.32197 0.29459 0.26974 0.24715 0.16151 0.10737 0.17543 0.14364 0.12403 0.10367 0.05678 0.07276 0.06110 0.02603 0.01153 2 4 7 S TABLE C.3 Future Value of Annuity of $1 Periods 10 2% 3% 3.75% 4% 4.25% 5% 6% 7% 8% 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 2.020002.030002.03750 2.04000 2.04250 2.05000 2.06000 2.07000 2.08000 3.06040 3.09090 3.11391 3.121603.12931 3.15250 3.15360 3.21490 3.24640 4.12161 4.18363 4.2306S 4.24646 4.262304.310134.37462 4.43994 4.50611 5.20404 5.30914 5.38933 5.41632 5.44345 5.52563 5.63709 5.75074 5.56660 6.30812 6.468416.59143 6.632986.67450 6.501916.97532 7.153297.33593 7.434287.66246 7.83861 7.89829 7.95848 S. 14201 8.39354 8.65402 8.92280 5.58297 3.89234 9.13255 9.21423 9.29671 9.54911 9.89747 10.25980 10.63663 9.75463 10.15911 10.47503 10.55280 10.69152 11.02656 11.49132 11.97799 12.48756 10.94972 11.46355 11.56784 12.00611 12.14622 12.57739 13.15079 13.51645 14.45656 24.29737 26.87037 29.01739 29.77805 30.56250 33.06595 36.7855940.99549 45.76196 9% 10% 11% 12% 13% 14% 15% 20% 25% 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 2.09000 2.10000 2.11000 2.12000 2.13000 2.14000 2.15000 2.20000 2.25000 3.27810 3.31000 3.34210 3.37440 3.40690 3.43960 3.47250 3.64000 3.81250 4.57313 4.64100 4.70973 4.77933 4.84950 4.92114 4.99338 5.36800 5.76563 5.98471 6.10510 6.227806.35285 6.45027 6.61010 6.7423 7.44160 3.20703 7.52333 7.71561 7.91256 S.11519 9.32271 S.53552 5.75374 9.92992 11.25879 9.20043 9.48717 9.78327 10.0890110.40466 10.73049 11.066SO 12.91590 15.07349 11.0284711.43589 11.55943 12.29969 12.75726 13.23276 13.72682 16.4990S 19.54156 13.02104 13.57948 14.16397 14.77566 15.41571 16.05535 16.75584 20.79590 25.80232 15.19293 15.93742 16.72201 17.54874 18.41975 19.33730 20.30372 25.9556S 33.25290 51.16012 57.27500 64.20283 72.05244 80.94683 91.02493 102.44355 156.68500 342.94470 Periods S TABLE C.4 Present Value of Annuity of $1 Periods S 9 2% 3% 3.75% 4% 4.25% 5% 6% 7% 8% 0.98039 0.97087 0.96386 0.96154 0.95923 0.95235 0.94340 0.93458 0.92593 1.94156 1.91347 1.892871.85609 1.87936 1.85941 1.83339 1.80802 1.78326 2.88388 2.32861 2.78831 2.775092.761952.72325 2.67301 2.62432 2.57710 3.807733.71710 3.65135 3.62990 3.60861 3.54595 3.46511 3.38721 3.31213 4.71346 4.579714.48326 4.451824.42073 4.32948 4.21236 4.10020 3.99271 5.60143 5.41719 5.28507 5.24214 5.19974 5.075694.91732 4.76654 4.62288 6.471996.23028 6.057906.00205 5.946995.78637 5.58238 5.38929 5.20637 7.32545701969 6.80280 6.73274 6.66375 6.463216.20979 5.97130 5.74664 S-16224 7.75611 7.52077 7.43533 7.35135 7.10782 6.801696.51523 6.24689 8.99259 3.53020 3.21279 S.11090 8.010897.721737.36009 7.02358 6.71003 16.35143 14.87747 13.89620 13.59033 13.29437 12.46221 11.46992 10.59401 9.81815 9% 10% 11% 12% 13% 14% 15% 20% 25% 0.91743 0.909090.90090 0.89286 0.88496 0.877190.86957 0.83333 0.50000 1.75911 1.73554 1.71252 1.69005 1.668101.64666 1.62571 1.52778 1.44000 2.53129 2.45685 2.44371 2.40183 2.36115 2.32163 2.283232.10648 1.95200 3.23972 3.16987 3.10245 3.037352.97447 2.91371 2.85498 2.58873 2.36160 3.88965 3.79079 3.69590 3.60475 3.51723 3.433053.35216 2.99061 2.68928 4.45592 4.35526 4.23054 4.111413.99755 3.85867 3.78448 3.32551 2.95142 5.03295 4.36842 4.712204.56376 4.42261 4.288304.16042 3.60459 3.16114 5.53482 5.33493 5.14612 4.96764 4.79877 4.63856 4.487323.83716 3.32891 5.99525 5.759025.53705 5.32825 5.13166 4.94637 4.77155 4.03097 3.46313 6.41766 6.14457 5.88923 5.65022 5.42624 5.216125.01377 4.19247 3.57050 .12555 8.51356 7.96333 7.46944 7.02475 6.62313 6.25933 4.86958 3.95388 Periods 20 9