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Kelly Malone plans to have $ 5 8 withheld from her monthly paycheck and deposited in a savings account that earns 1 2 % annually,

Kelly Malone plans to have $

58

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?

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