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On January 1, you deposited $7,100 in an investment account. The account will earn 11 percent...

On January 1, you deposited $7,100 in an investment account. The account will earn 11 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 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 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?

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