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Exercise B-5 (Algo) Future value of an amount LO P2 Mark Welsch deposits $7,200 in an account that earns interest at an annual rate of
Exercise B-5 (Algo) Future value of an amount LO P2 Mark Welsch deposits $7,200 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $7,200 plus earned interest must remain in the account 3 years before It can be withdrawn. How much money will be in the account at the end of 3 years? (PV of \$1, FV of \$1, PVA of \$1, and FVA of \$1) (Use approprlate factor(s) from the tables provlded. Round "Table Factor" to 4 decimal places.)
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