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Exercise B - 1 6 ( Algo ) Future value of an annuity LO P 4 Kelly Malone plans to have $ 6 0 withheld

Exercise B-16(Algo) Future value of an annuity LO P4
Kelly Malone plans to have $60 withheld from her monthly paycheck and deposited in a savings account that earns 12% annually, compounded monthly. If Malone continues with her plan for one 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 FVA of $1)
Note: Use appropriate factor(s) from the tables provided. Round your final answer to 2 decimal places. Round "Table Factor" to 4 decimal places.
\table[[Periodic Cash Flow,,Table Factor,,Total Accumulation],[,,,,],[Table Values are Based on:,,,,],[,n,=,,],[,i,=,,]]
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