Can someone explain this to me please.

Exercise B-16 (Algo) Future value of an annuity LO P4 Kelly Malone plans to have $53 withheld from her monthly paycheck and deposited in a savings account that earns 12% annually. compounded monthly. If Malone continues with her plan for two and one-half years, how much will be accumulated in the account on the date of the last deposit? (PV of \$1. FV of \$1. PVA of \$1, and EVA of S1) Note: Use appropriate factor(s) from the tables provided. Round your final answer to 2 decimal places. Round "Table Factor" to 4 decimal ploces