On January $1,$ you plan to take a trip around the world upon graduation four years from now. Your grandmother wants to deposit sufficient funds for this trip in an investment account for you. On the basis of a budget, you estimate that the trip currently would cost $$15,000.$ Being the generous and sweet lady she is$,$ your grandmother decided to deposit $$3,500$ in the fund at the end of each of the next four years, starting on December $31,2021.$ The account will earn $6$ percent annual interest, which will be added to the account at each year$-$end. $($Future Value of $$1,$ Present Value of $$1,$ Future Value Annuity of $$1,$ Present Value Annuity of $$1,$ Financial Calculator$)($Use tables, Excel, or a financial calculator.$)$

Required:

How much money will you have for the trip at the end of year $4($i$.$e$.,$ after four deposits$)?$

What is the total amount of interest earned over the four years?

How much interest revenue did the fund earn in each of the four years, starting in $2021?$

Complete this question by entering your answers in the tabs below.

How much money will you have for the trip at the end of year $4($i$.$e$.,$ after four deposits$)?($Round your final ans nearest whole dollar amount.$)$

Balance in the Fund