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Mark Welsch deposits $6,200 in an account that earns interest at an annual rate of 12%, compounded quarterly. The $6,200 plus earned interest must remain
Mark Welsch deposits $6,200 in an account that earns interest at an annual rate of 12%, compounded quarterly. The $6,200 plus earned interest must remain in the account 2 years before it can be withdrawn.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 ) Note: Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places. Spiller Corporation plans to issue 8%,5-year, $430,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated January 1 of the current year and are issued on that date. (PV of $1, FV of \$1, PVA of \$1, and FVA of $1) Note: 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 6% on the date of issue, what will be the total cash proceeds from the bond issue
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