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On January 1, 2016, you deposited $6,000 in a savings account. The account will eam 10 percent annual compound interest, which will be added to
On January 1, 2016, you deposited $6,000 in a savings account. The account will eam 10 percent annual compound interest, which will be added to the fund balance at the end of each year. Required . il i ix-baban . Il K: AV Ings a XAlii a EX51 n't' ys ay? Future Value of S1. Present Value of S1. Future Value Annuity o from the tables provided. Round your final answers to 2 decimal places.) $1 Present Value Annuity of 1) Use appropriate factor s Balance in the Savings Account 2. What is the total interest for the 8 years? (Future Value O$1. Present Value of$1. Future Value Annuity or S1. Present Value Annuity of S1) (Use appropriate factor(s) from the tables provided Round your final answers to 2 decimal places.) otal Interest 3. How much interest revenue did the fund earn in 2016 and in 2017? (Round your final answers to 2 decimal places.) 2016 Interest Revenue 2017 Interest Revenue
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