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On January 1, 2018. you deposited $5,500 in a savings account. The account will earn 11 percent annual compound interest, which will be added to
On January 1, 2018. you deposited $5,500 in a savings account. The account will earn 11 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 4 years? 2. What is the total interest for the 4 years? 3. How much interest revenue did the fund earn in 2018 and in 2019? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What will be the balance in the savings account at the end of A years? (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) use appropriate factors from the tables provided. Round your final answer to 2 decimal places.) Balance in the Savings Account Required 2 On January 1, 2018, you deposited $5,500 in a savings account. The account will earn 11 percent annual compound interest, which wil 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 4 years? 2. What is the total interest for the 4 years? 3. How much interest revenue did the fund earn in 2018 and in 2019? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the total interest for the 4 years? (Future Value of $1. Present Value of $1. Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factors from the tables provided. Round your intermediate and final answer to 2 decimal places.) Total Interest
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