Exercise B-5 Future value of an amount LO P2 Mark Welsch deposits $7,600 in an account that earns interest at an annual rate of 12%, compounded quarterly. The $7,600 plus earned interest must remain in the account 3 years before it can be withdrawn. How much money will be in the account at the end of 3 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Present Value Table Factor Total Accumulation $ 7,600 Exercise B-9 Present value of an annuity LO P3 Dave Krug finances a new automobile by paying $6,100 cash and agreeing to make 10 monthly payments of $450 each, the first payment to be made one month after the purchase. The loan bears interest at an annual rate of 12%. What is the cost of the automobile? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Monthly Payment Table Factor Present Value of Loan Table Values are Based on: n i Present Value of Loan Cash Down Payment Cost of the Automobile