Mark Welsch deposits $6, 700 in an account that earns interest at an annual rate...
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Accounting
Mark Welsch deposits $6, 700 in an account that earns interest at an annual rate of 4%, compounded quarterly. The $6, 700 plus earned interest must remain in the account 5 years before it can be withdrawn. How much money will be in the account at the end of 5 years? (PV of $1, FV of $1, PVAof $1, and FVA of $1)
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