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Exercise B-16 Future value of an annuity LO P4 Kelly Malone plans to have $50 withheld from her monthly paycheck and deposited in a savings

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Exercise B-16 Future value of an annuity LO P4 Kelly Malone plans to have $50 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 FVA of $1) (Use appropriate factor(s) from the tables provided. Round your final answer to 2 decimal places. Round "Table Factor" to 4 decimals.) Answer is complete but not entirely correct. Periodic Table Total Cash Flow Factor Accumulation 50 25.8077 634.12 Table Values are Based on: n 30 1 1%

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