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help 6 Exercise B-5 (Algo) Future value of an amount LO P2 6.25 points Mark Welsch deposits $6.400 in an account that earns interest at
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6 Exercise B-5 (Algo) Future value of an amount LO P2 6.25 points Mark Welsch deposits $6.400 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $6,400 plus eamed interest must remain in the account 3 years before it can be withdrawn.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.) eBook Table Factor Present Value $ 6,400 Total Accumulation X 3.2464 Hint Print Reference Step by Step Solution
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