Check my work 6 Exercise B-5 Future value of an amount LO P2 2.27 points Mark Welsch deposits $6,800 in an account that earns interest at an annual rate of 4%, compounded quarterly. The $6,800 plus earned interest must remain in the account 2 years before it can be withdrawn. How much money will be in the account at the end of 2 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) eBook Table Factor Total Accumulation Present Value $ 6,800 X Hint Print Check my work 7 Exercise B-8 Number of periods of an investment LO P3 2.27 points Keith Riggins expects an investment of $177,054.00 to return $20,000 annually for several years. If Riggins earns a return of 6%, how many annual payments will he receive? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) eBook Present Value Annuity Payment Table Factor Annual Payments payments Hint Print Exercise B-9 Present value of an annuity LO P3 Dave Krug finances a new automobile by paying $6,600 cash and agreeing to make 20 monthly payments of $560 each, the first payment to be made one month after the purchase. The loan bears interest at an annual rate of 12%. What is the cost of the automobile? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Monthly Payment Table Factor Present Value of Loan Table Values are Based on: n i Present Value of Loan Cash Down Payment Cost of the Automobile