Mark Welsch deposits $6,800 in an account that earns interest at an annual rate of...
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Accounting
Mark Welsch deposits $6,800 in an account that earns interest at an annual rate of 12%, compounded quarterly. The $6,800 plus earned interest must remain in the account 4 years before it can be withdrawn How much money will be in the account at the end of 4 years? (PV of $1. FV of $1. PVA of S1, and EVA of $1 (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Table Factor Total Accumulation Present Value 6.800 X
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