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On January 1,2018, you deposited $5,700 in a savings account. The account will earn 12 percent annual compound interest, which be added to the fund
On January 1,2018, you deposited $5,700 in a savings account. The account will earn 12 percent annual compound interest, which 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 10 years? 2. What is the total interest for the 10 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. What will be the balance in the savings account at the end of 10 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.) Required: 1. What will be the balance in the savings account at the end of 10 years? 2. What is the total interest for the 10 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. What is the total interest for the 10 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 intermediate and final answer to 2 decimal places.) Required: 1. What will be the balance in the savings account at the end of 10 years? 2. What is the total interest for the 10 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. How much interest revenue did the fund earn in 2018 and in 2019 ? (Round your final answers to 2 decimal places.)
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