15 points 0.60 points On January 1, 2016, you deposited $6,700 in a savings account....
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15 points 0.60 points On January 1, 2016, you deposited $6,700 in a savings account. The account will earn 11 percent annual compound interest, which will 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 5 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 answers to 2 decimal places.) Balance in the Savings Account 2. What is the total interest for the 5 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 answers to 2 decimal places.) Total Interest 3. How much interest revenue did the fund earn in 2016 and in 2017? (Round your final answers to 2 decimal places.) 2016 Interest Revenue 2017 Interest Revenue
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