Exercise B-5 Future value of an amount LO P2

Mark Welsch deposits $6,800 in an account that earns interest at an annual rate of 4%, compounded quarterly. The $6,800 plus earned interest must remain in the account 4 years before it can be withdrawn.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) (Use appropriate factor(s) from the tables provided. Round FV factor to 4 decimal places.)

Present Value	x	f (FV of a Single Amount)	=	Total Accumulation
$ 6,800	x		=