On January 1, Alan King decided to transfer an amount from his checking account into an Inwestment account that later will provide $97,000 to send his son to college (six years from now). The investment account will earn 8 percent, which will be added to the fund each year end. (Future Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annully of 5) (Use appropriate factor(s) from the tables provided.) Required: 1. How much must Alan deposit on January 1? 2. What is the interest for the six years? On each December 31, you plan to transfer $4,000 from your checking account into an investment account. The investment account will earn 4 percent annual interest, which will be added to the account balance at each year-end. The first deposit will be made December 31, 2018 (at the end of the period), (Euture Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annuity of So) (Use appropriate factor(s) from the tables provided.) Required: 1. What will be the balance in the account at the end of the 10th year (e. 10 deposits)? 2. What is the total amount of interest earned on the 10 deposits? 3. How much interest revenue did the fund earn in 2019 2020