On January 1, 2018, you deposited $5,800 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 5 years? 2. What is the total interest for the 5 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 5 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 On January 1, 2018, you deposited $5,800 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 5 years? 2. What is the total interest for the 5 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 5 years? (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annulty of $1.) (Use appropriate factor(s) from the tables provided. Round your intermediate and final answer to 2 decimal places.) Total Interest On January 1, 2018, you deposited $5,800 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 5 years? 2. What is the total interest for the 5 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 How much interest revenue did the fund earn in 2018 and in 2019? (Round your final answers to 2 decimal places.) 2018 Interest Revenue 2019 Interest Revenue TABLE 11.1A Future Value of $1 Periods 2% 3% 3.75% 4% 4.25% 5% 6% 7% 8% 0 10000 10000 10000 10000 10000 10000 1.0000 10000 1.0000 1 10200 10300 10375 10400 1.0425 1.0500 1.0600 1.0700 1.0800 2 10404 10609 1.0764 10816 10868 1.1025 11236 11449 11664 3 10612 10927 4 10824 11255 11168 11249 11330 11576 1.1910 12250 1.2597 11587 11699 11811 12155 12625 13108 13605 5 11041 11593 1.2021 12167 12313 6 11262 1.1941 7 11487 12299 12939 13159 13382 8 11717 9 11951 10 12763 13382 14026 1.4693 12472 12653 12837 13401 14185 1.5007 15869) 14071 1.5036 16058 17138 1.2668 13425 13686 13951 14775 15938 17182 18509 13048 13928 1.4233 14544 1.5513 16895 18385 19990 12190 13439 14450 14802 15162 16289 17906 20 20 14859 18061 20882 21911 Periods 9% 10% 11% 12% 13% 14% 20% 25% 19672 2.1589 2.2989 2.6533 3.2071 3.8697 46610 15% 0 10000 10000 10000 10000 10000 10000 10000 10000 10000 1 10900 11000 11100 11200 11300 11400 11500 12000 2 3 6 9 10 20 0618 18704 19738 20820 2.1950 23131 29860 38147 12500 11881 12100 12321 12544 12769 12996 13225 14400 15625 12950 13310 13676 14049 14429 14815 15209 17280 19531 14116 14641 1.5181 15735 16305 16890 17490 20736 24414 15386 16105 16851 17623 18424 19254 20114 24883 16771 17716 18280 19487 2.0762 22107 23526 25023 26600 35832 47684 19926 21436 23045 24760 26584 28526 30590 42998 5.9606 21719 23579 25580 27731 30040 32519 35179 51598 74506 23674 25937 28394 33058 3.3946 3.7072 40456 61917 9302 5.6044 67275 8.0623 96463 115231 137435 163665 383376 867302 TABLE 11.2A Present Value of $1 Periods 2% 3% 3.75% 4% 4.25% 5% 6% 7% 8% 1 0.9804 0.9709 0.9639 0.9615 0.9592 0.9524 0.9434 0.9346 0.9259 2 0.9612 0.9426 0.9290 0.9246 0.9201 0.9070 0.8900 0.8734 0.8573 3 0.9423 0.9151 0.8954 0.8890 0.8826 0.8638 0.8396 0.8163 0.7938 4 5 6 7 8 09238 0.8885 0.8631 0.8548 0.8466 0.8227 0.7921 0.7629 0.7350 0.9057 0.8626 0.8319 0.8219 0.8121 07835 0.7473 0.7130 0.6806 0.8880 0.8375 0.8018 07903 0.7790 0.7462 07050 0.6663 0.6302 08706 08131 07728 07599 0.7473 0.7107 0.6651 06227 0.5835 0.8535 0.7894 0.7449 0.7307 07168 06768 0.6274 0.5820 0.5403 9 0.8368 07664 07180 07026 06876 06446 0.5919 0.5439 0.5002 10 0.8203 07441 0.6920 06756 0.6595 0.6139 0.5584 0.5083 04632 20 0.6730 0.5537 0.4789 04564 04350 03769 0.3118 0.2584 0.2145 Periods 9% 10% 11% 12% 13% 14% 15% 20% 25% 09174 0.9091 0.9009 0.8929 0.8850 08772 0.8696 08333 08000 1 2 0.8417 0.8264 08116 07972 07831 07695 0.7561 06944 06400 3 4 56789020 07722 07513 07312 07118 06931 06750 06575 0.5787 05120 07084 06830 06587 0.6355 06133 0.5921 0.5718 04823 04096 06499 06209 05935 05674 05428 0.5194 04972 04019 03277 05963 0.5645 05346 05066 0.4803 04556 04323 0.3349 0.2621 05470 05132 04817 04523 04251 03996 0.3759 0.2791 0.2097 05019 04665 04339 0.4039 03762 03506 (0.3269 02326 01678 04604 04241 0.3909 03606 0.3329 03075 0.2843 01938 01342 04224 03855 03522 0.3220 02946 02697 02472 01615 01074 01784 01486 01240 01037 00868 00728 00611 00261 00115 TABLE 11.3A Future Value of an Annuity of $1 Periods 2% 3% 3.75% 4% 4.25% 5% 6% 7% 8% 1 1.0000 1.0000 2 1.0000 10000 20200 20300 2.0375 10000 10000 1.0000 10000 1.0000 2.0400 2.0425 2.0500 20600 2.0700 2.0800 3 3.0604 3.0909 3.1139 3.1216 3.1293 31525 3.1836 3.2149 3.2464 4 41216 41836 4.2307 4.2465 4.2623 4.3101 5 5.2040 5.3091 5.3893 5.4163 5.4434 5.5256 6 6.3061 6.4684 6.5914 6.6330 4.3746 4.4399 4.5061 5.6371 5.7507 5.8666 6.6748 6.8019 6.9753 7.1533 73359 7 7.4343 76625 78386 7.8983 8 8.5830 8.8923 91326 9.2142 9 9.7546 10.1591 10 20 13.8164 14.4866 24.2974 26.8704 290174 29.7781 30.5625 33.0660 36.7856 40 9955 45.7620 79585 8.1420 8.3938 8.6540 8.9228 9.2967 9.5491 9.8975 10.2598 10.6366 10.4750 10.5828 10.6918 110266 11.4913 119780 12.4876 10.9497 11.4639 11.8678 12.0061 12.1462 12.5779 13.1808 Periods 10% 2 9% 1.0000 10000 10000 20900 21000 21100 11% 12% 13% 14% 3.2781 33100 3,3421 A 4.5731 4.6410 47097 47793 34069 48498 5 5.9847 61051 6.2278 6.3528 6 75233 77156 79129 9.2004 94872 97833 10 0890 10.4047 107305 8 10 886 49211 4.9934 6.4803 6.6101 6.7424 74416 82070 81152 8.3227 85355 87537 99299 12588 110668 129159 110285 114359 118594 12.2997 12.7573 13 2328 137266 16.4991 13.0210 13.5975 141640 14.7757 154157 16 0853 16.7856 207989 151929 15 9374 16.7220 175487 18.4197 19:3373 20.3037 25.9587 33.2529 20% 25% 10000 1.0000 1.0000 10000 10000 10000 21200 21300 21400 2.1500 22000 3.3744 3.4396 34725 36400 3.8125 53680 57656 15% 22500 150735 19 8419 25 8023 20 511601 572750 64.2028 72 0524 80.9468 910249 102:4436 1866880 342 9447 TABLE 11.4A Present Value of Annuity of $1 12 Periods 2% 3% 3.75% 4% 4.25% 5% 6% 7% 8% 1 0.9804 0.9709 0.9639 0.9615 0.9592 0.9524 0.9434 0.9346 0.9259 2 19416 1.9135 18929 1.8861 1.8794 18594 1.8334 1.8080 17833 3 2.8839 2.8286. 2.7883 4 3.8077 3.7171 27751 27620 2.7232 2.6730 26243 2.5771 3.6514 3.6299 3.6086 3.5460 3.4651 3.3872 3.3121 5 4.7135 4.5797 4.4833 6 5.6014 5.4172 7 8 73255 7.0197 9 10 20 Periods 9% 10% 12% 13% 1 09174 09091 5.0757 4.9173 47665 4.6229 6.4720 6.2303 6.0579 6.0021 5.9470 5.7864 5.5824 5.3893 5.2064 6.8028 67327 6.6638 64632 6.2098 5.9713 57466 81622 77861 75208 74353 7.3513 71078 6.8017 65152 6.2469 8.9826 8.5302 8.2128 8.1109 8.0109 77217 73601 70236 67101 16.3514 14.8775 13.8962 13.5903 13.2944 12.4622 114699 105940 9.8181 11% 14% 25% 09009 0.8929 0.8550 0.8772 08696 08333 08000 4.4518 4.4207 4.3295 4.2124 41002 3.9927 5.2851 5.2421 5.1997 15% 20% 2 17125 1.6901 16681 16467 16257 15278 14400 23216 2.2832 21065 19520 17591 17355 2.5313 2.4869 2.4437 24018 2:3612 3.2397 31699 3.1024 30373 3.8897 37908 3.6959 36048 4 4859 4.3553 4.2305 50330 4.8684 47122 55348 5.3349 51461 29745 2.9137 28550 25887 23616 3.5172 3.4331 33522 29906 26893 41114 3.9975 3.8887137845 33255 29514) 45638 44226 4 288341604 136046 31611 49676 47988 46389 44873 38372 33289 59952 57590 5.5370 53282 51317 6.4177 49464 47716 40310 34631 61446 5.8892 56502 54262 5.2161 5.0188 41925 35705 91285 85136 79633 74694 70248 66231 62593 4.8696 39539 69 8 900 10 20