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Mark Welsch deposits $7,000 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $7,000 plus earned interest must remain

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Mark Welsch deposits $7,000 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $7,000 plus earned interest must remain in the account 2 years before it can be withdrawn.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. EV of $1. PVA of $1, and FVA of $1 (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Table Factor Present Value 7,000 Total Accumulation

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