Exercise B-5 Future value of an amount LO P2

Mark Welsch deposits $6,800 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $6,800 plus earned interest must remain in the account 3 years before it can be withdrawn.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 appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.)

Present Value		Table Factor		Total Accumulation
$6,800	x		=

Spiller Corp. plans to issue 10%, 8-year, $450,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated December 31, 2019, and are issued on that date. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places and final answers to nearest whole dollar.) If the market rate of interest for the bonds is 8% on the date of issue, what will be the total cash proceeds from the bond issue?

able Values are Based on:
n =	16
i =	4%
Cash Flow	Table Value	Amount	Present Value
Present (maturity) value	0.5339	$450,000	$240,255
Interest (annuity)	11.6523	???	???
Total cash proceeds			????