On January 1, you deposited $6,700 in an investment account. The account will earn 10 percent annual compound interest, which will be added to the fund balance at the end of each year. (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.) Required: 1. What will be the balance in the account at the end of 10 years? 2. What is the interest for the 10 years? 3. How much interest revenue did the fund earn in the first year? the second year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What will be the balance in the account at the end of 10 years? (Round "Future Value" to nearest whole dollar amount.) Table or Calculator Function: Present Value: Future Value: Required 1 Required 2 > On January 1, you deposited $6,700 in an investment account. The account will earn 10 percent annual compound interest, which will be added to the fund balance at the end of each year. (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.) Required: 1. What will be the balance in the account at the end of 10 years? 2. What is the interest for the 10 years? 3. How much interest revenue did the fund earn in the first year? the second year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 -------------- What is the interest for the 10 years? (Round your final answer to the nearest whole dollar amount.) Interest On January 1, you deposited $6,700 in an investment account. The account will earn 10 percent annual compound interest, which will be added to the fund balance at the end of each year. (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.) Required: 1. What will be the balance in the account at the end of 10 years? 2. What is the interest for the 10 years? 3. How much interest revenue did the fund earn in the first year? the second year? 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 the first year? the second year? (Round your final answer to the nearest whole dollar amount.) Interest Revenue First Year Second Year Required 2 Required 3 >
