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Posted on Jul 24, 2024

Kelly Malone plans to have $ 4 2 withheld from her monthly paycheck and deposited in a savings account that earns 1 2 % annually,

Kelly Malone plans to have $

42

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

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