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Exercise B-5 (Algo) Future value of an amount LO P2 Mark Welsch deposits $8,100 in an account that earns interest at an annual rate
Exercise B-5 (Algo) Future value of an amount LO P2 Mark Welsch deposits $8,100 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $8,100 plus earned Interest must remain in the account 5 years before it can be withdrawn.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. EV of $1. PVA of $1 and EVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Present Value $ Table Factor Total Accumulation 8,100 x
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