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On January 1, 2016, you deposited $8,000 in a savings account. The account will ean 8 percent annual compound interest, which will be added to

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On January 1, 2016, you deposited $8,000 in a savings account. The account will ean 8 percent annual compound interest, which will be added to the fund balance at the end of each year Required: 1. What will be the balance in the savings account at the end of 10 years? (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. Round your final answer to 2 decimal places.) Answer is complete but not entirely correct. in the Savings Account s 17,200.00 2. What is the total interest for the 10 years? (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. Round your final answer to 2 decimal places.) Answer is complete but not entirely correct. 9,200.00

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