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Exercise B-16 (Algo) Future value of an annuity LO P4 Kelly Malone plans to have $54 withheld from her monthly paycheck and deposited in
Exercise B-16 (Algo) Future value of an annuity LO P4 Kelly Malone plans to have $54 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 year, 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) (Use appropriate factor(s) from the tables provided. Round your final answer to 2 decimal places. Round "Table Factor" to 4 decimal places.) Answer is complete but not entirely correct. Table Factor 34.7850 Periodic Cash Flow S 54 Table Values are Based on: n . 30 = 1% Total Accumulation: 1,878.39
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