Q3: APPENDIX B HOMEWORK

Mark Welsch deposits $7,600 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $7,600 plus earned interest must remain in the account 1 years before if can be withdrawn. How much money will be in the account at the end of 1 years? (PV of S1. EV.o(S1) PVA oCS1, and EYA otS1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimat places.)