On each December 31, you plan to transfer $3,800 from your checking account into an investment account. The investment account will earn 6 percent annual interest, which will be added to the account balance at each year end. The first deposit will be made December 31, 2018 (at the end of the period). (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 the 10th year (ie, 10 deposits)? 2. What is the total amount of interest earned on the 10 deposits? 3. How much interest revenue did the fund earn in 2019 2020? 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 the 10th year (e., 10 deposits)? (Round "Future Value to nearest whole dollar amount.) Table or Calculator Function: Future Value Annuity of $1 Annuity payments: $ 3,800 no 10 61% Future Value Check my word On each December 31, you plan to transfer $3,800 from your checking account into an investment account. The investment account will earn 6 percent annual interest, which will be added to the account balance at each year- end. The first deposit will be made December 31, 2018 at the end of the period). (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 the 10th year (.e., 10 deposits)? 2. What is the total amount of interest earned on the 10 deposits? 3. How much interest revenue did the fund earn in 2019 2020? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the total amount of interest earned on the 10 deposits? (Round your final answer to the nearest whole dollar amount.) Total Amount of Interest DAN 3 of 6 Next > 3 On each December 31, you plan to transfer $3,800 from your checking account into an investment account. The investment account will earn 6 percent annual interest, which will be added to the account balance at each year- end. The first deposit will be made December 31, 2018 (at the end of the period). Future Value of $1. Present Valu of $1. Future Value Annuity of $1. Present Value Annuity of $1 (Use appropriate factor(s) from the tables provide Required: 1. What will be the balance in the account at the end of the 10th year (i.e., 10 deposits)? 2. What is the total amount of interest earned on the 10 deposits? 3. How much interest revenue did the fund earn in 2019 2020? Book Print Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How much interest revenue did the fund earn in 2019 2020? (Round your final answers to the nearest whole dollar Interest Revenue 2019 2020
