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Kelly Malone plans to have $43 withheld from her monthly paycheck and deposited in a savings account that earns 12% annually, compounded monthly. If
Kelly Malone plans to have $43 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 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. Rou your final answer to 2 decimal places. Round "Table Factor" to 4 decimal places.) Answer is not complete. Table Periodic Cash Flow Factor 43 25.8077 Table Values are Based on: n 30 1% Total Accumulation 1,109.73
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