Question: Use the formula for computing future value using compound interest to determine the value of an account at the end of 5 years a principal

Use the formula for computing future value using compound interest to determine the value of an account at the end of 5 years a principal amount of $6,000 is deposited in an account at an annual interest rate of 4% and the interest is compounded quarterly.

The amount after 5 years will be $.

(Round to the nearest cent asneeded.)

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