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On January 1, 2018, you deposited $5,500 in a savings account. The account will earn 12 percent annual compound Interest, which will be added to

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On January 1, 2018, you deposited $5,500 in a savings account. The account will earn 12 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 8 years? 2. What is the total Interest for the 8 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 8 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.) Balance in the Savings Account What is the total interest for the 8 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 intermediate and final answer to 2 decimal places.) Total Interest How much interest revenue did the fund earn in 2018 and in 2019? (Round your final answers to 2 decimal places.) Interest Revenue 2018 2019 Interest Revenue

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