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Exercise B-16 (Algo) Future value of an annuity LO P4 Kelly Malone plans to have $41 withheld from her monthly paycheck and deposited in a
Exercise B-16 (Algo) Future value of an annuity LO P4 Kelly Malone plans to have $41 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 ) (Use appropriate factor(s) from the tables provided. Round your final answer to 2 decimal places. Round "Table Factor" to 4 decimal places.)
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