Question: Mark Welsch deposits $ 8 , 1 0 0 in an account that earns interest at an annual rate of 8 % , compounded quarterly.

Mark Welsch deposits $8,100 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $8,100 plus earned interest must remain in the account 3 years before it can be withdrawn.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)
Note: Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places. Mark Welsch deposits \(\$ 8,100\) in an account that earns interest at an annual rate of \(8\%\), compounded quarterly. The \(\$ 8,100\) plus earned interest must remain in the account 3 years before it can be withdrawn.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)
Note: Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.
Answer is complete but not entirely correct.
Mark Welsch deposits $ 8 , 1 0 0 in an account

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