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Mark Welsch deposits $8,100 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $8,100 plus earned interest must remain
Mark Welsch deposits $8,100 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $8,100 plus earned interest must remain in the account 5 years before it can be withdrawn. How much money will be in the account at the end of 5 years? PV of $1. FV of $1.PVA of $1, and (Use approprlate factor(s) from the tables provlded. Round "Table Factor" to 4 declmal places.)
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