Snow Company deposits $2,411 today in a mutual fund. The fund pays interest of 6% compounded...

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Snow Company deposits $2,411 today in a mutual fund. The fund pays interest of 6% compounded annually. Below are the various discount rates for 6% Future Value Present Future Value of Present Value of $1 Value of $1 an ordinary of an ordinary annuity of $1 annuity of $1 Year 1 1.06000 0.93458 1.0000 0.94340 Year 2 1.12360 0.89000 2.0600 1.83339 Year 3 1.19102 0.83962 3.1836 2.67301 The balance in the fund at the end of 2 years will be:$_ Snow Company deposits $2,411 today in a mutual fund. The fund pays interest of 6% compounded annually. Below are the various discount rates for 6% Future Value Present Future Value of Present Value of $1 Value of $1 an ordinary of an ordinary annuity of $1 annuity of $1 Year 1 1.06000 0.93458 1.0000 0.94340 Year 2 1.12360 0.89000 2.0600 1.83339 Year 3 1.19102 0.83962 3.1836 2.67301 The balance in the fund at the end of 2 years will be:$_