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On January 1 , 2 0 2 1 , you deposited $ 5 , 1 0 0 in a savings account. The account will earn
On January you deposited $ in a savings account. The account will earn percent annual compound interest, which will be added to the fund balance at the end of each year.
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What will be the balance in the savings account at the end of years? Future Value of $ Present Value of $ Future Value Annuity. of $ Present Value Annuity of $
Note: Use appropriate factors from the tables provided.
What is the total interest for the years? Future Value of $ Present Value of $ Future Value Annuity of $ Present Value Annuity of $
Note: Use appropriate factors from the tables provided.
How much interest revenue did the fund earn in and in
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What will be the balance in the savings account at the end of years?
Note: Round your final answer to decimal places.
Balance in the Savings Account
$
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