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On January 1, you deposited $7,800 in an investment account. The account will earn 8 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 Annulty of S1) (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 2 > On January 1, Alan King decided to transfer an amount from his checking account into an investment account that later will provide $99,000 to send his son to college (four years from now). The investment account will earn 10 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 Annuity of $1) (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 four years? Complete this question by entering your answers in the tabs below. Required 1 Required 2 How much must Alan deposit on January 17 (Round "Present Value" to nearest whole dollar amount.) Table or Calculator Function: Future Value Present Value: Required 2 > On each December 31, you plan to transfer $2,400 from your checking account into an Investment account. The investment account will earn 3 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). (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 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? 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 the 10th year (.e., 10 deposits)? (Round "Future Value" to nearest whole dollar amount.) Table or Calculator Function: Annuity payments: Future Value Required 2 >
