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Mark Welsch deposits $7,600 in an account that earns interest at an annual rate of...

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Accounting

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 The $7,600 plus earned interest must remain in the account 4 years before it can be withdrawn. How much money will be in the account at the end of 4 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.

Present Value Table Factor Total Accumulation
$7,600 x ? ?

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