On January 1, 2021, you deposited $6,300 in a savings account. The account will earn 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 7 years? (Future Value of $1,Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.)

   Note: Use appropriate factor(s) from the tables provided.

2. What is the total interest for the 7 years? (Future Value of $1,Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.)

   Note: Use appropriate factor(s) from the tables provided.

3. How much interest revenue did the fund earn in 2021 and in 2022?