On January 1, you plan to take a trip around the world upon graduation four years from now. Your grandmother wants to deposit sufficient funds for this trip in an investment account for you. On the basis of a budget, you estimate that the trip currently would cost $15,000. Being the generous and sweet lady she is, your grandmother decided to deposit $3,500 in the fund at the end of each of the next four years, starting on December 31, 2018. The account will earn 6 percent annual interest, which will be added to the account at each year-end. Required:
How much interest revenue did the fund earn in 2015, 2016, 2017, and 2018?

nterest earned for year 1 is zero because the investment made is at the end of the year

Interest earned for year 2 is $210

Interest earned for year 3 is $433

Interest  earned for year 4 is $669

Explanation:

We will use the annuity formula to compute the net interest earned for the next 4 years.

Annuity Value = Present Value  * Annuity Factor

Here

Annuity factor = [1 - (1 + r)^-n] / r

r is 6%

n is 4 years

The present value is $3500

By putting above values in the equation we have:

Annuity Value = $3500 * [1 - (1 + 6%)^-4] / 6%

= $3500 * 4.374616 = $15,311.156

This is the annuity value of the yearly investment of $3500 for 4 consecutive years.

The interest portion = $15,311.156 - ($3500 * 4) = $1,311.156

Interest earned for year 1 is zero because the investment made is at the end of the year

Interest earned for year 2 =  ($3500 * (1.06)) - $3500 = $210

Interest earned for year 3 = ($3500 * (1.06)^2) - $3500) = $433

Interest  earned for year 4 = ($3500 * (1.06)^3) - $3500 = $669

nterest earned for year 1 is zero because the investment made is at the end of the year

Interest earned for year 2 is $210

Interest earned for year 3 is $433

Interest  earned for year 4 is $669

Explanation:

multiculturalism is a particular subject of debate in certain european nations that are associated with the idea of a single nation within their country. critics of multiculturalism may argue against cultural integration of different ethnic and cultural groups to the existing laws and values of the country.

so yes, multiculturalism can (and usually does) result in the host country/continent losing its culture, identity and linguistics, especially due to the raw numbers of demographic transitions.

explanation:

answer; operating revenues;