Homework: Time Value of Money Assignment $($i$)$

Mark Welsch deposits $$7,100$ in an account that earns interest at an annual rate of $12\%,$ compounded quarterly. The $$7,100$ plus earned interest must remain in the account $5$ years before it can be withdrawn.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 $$1,$ and FVA of $$1)$

$4$ Note: Use appropriate factor$($s$)$ from the tables provided. Round "Table Factor" to $4$ decimal places.

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