On January 1, 2013, you deposited $6,000 in a savings account. The account will earn 10 percent

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On January 1, 2013, you deposited $6,000 in a savings account. The account will earn 10 percent annual compound interest, which will be added to the fund balance at the end of each year.
Required:
(Round to the nearest dollar):
1. What will be the balance in the savings 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 2013? 2014?
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Related Book For  answer-question

Fundamentals of Financial Accounting

ISBN: 978-0078025372

4th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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