On January 1, 2015, Wesley Corporation completed the following transactions (assume a 7 percent annual interest rate): NOTE: EACH FUND IS INDEPENDENT TRANSACTION.ASSUME ANNUAL COMPOUNDING FOR THIS PROBLEM.

a. Deposited $15,000 in Fund A.

b. Established Fund B by agreeing to make five annual deposits of $2,000 each. Deposits are made each December 31.

c. Established Fund C by depositing a single amount that will increase to $50,000 by the end year 6.

Required:

1. What will be the balance of Fund A at the end of 2022?

2. What will be the balance of Fund B at the end of 2019?

3. What single amount must be deposited in Fund C on January 1, 2015?