On each December 31, you plan to transfer $2,000 from your checking account into an investment account. The investment account will earn 4 percent annual interest, which will be added to the account balance at each year-end. The first deposit will be made December 31, 2015 (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.)

1) What will be the balance in the account at the end of the 10th year (i.e., 10 deposits)?

Table or Calculator Function:	Future Value of $1
Annuity payments:
$0
i =		%
Future Value:

2) What is the total amount of interest earned on the 10 deposits?

3) How much interest revenue did the fund earn in 2016? 2017?