Kelly Malone plans to have $48 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 FVA factor to 4 decimal places.)

Periodic Cash Flow	x	f (FV of an Ordinary Annuity)	=	Total Accumulation
$48	x		=
Table Values are Based on:
n	=
i	=

Starr Company decides to establish a fund that it will use 2 years from now to replace an aging production facility. The company will make a $107,000 initial contribution to the fund and plans to make quarterly contributions of $55,000 beginning in three months. The fund earns 8%, compounded quarterly. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Future Value Factor" to 4 decimal places.)

What will be the value of the fund 2 years from now?

Table Values are Based on:
n =
i =
	Present Value	f (Future Value Factor)	Future Value
Initial Investment
Periodic Investments
Future Value of Fund