compounded monthly. If Malone continues with her plan for one 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 decimal places.) Periodic Cash Flow $ Table Values are Based on: 41 n = Table Factor 1% = Total Accumulation
compounded monthly. If Malone continues with her plan for one 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 decimal places.) Periodic Cash Flow $ Table Values are Based on: 41 n = Table Factor 1% = Total Accumulation
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
please answer in the chart form
![Kelly Malone plans to have $41 withheld from her monthly paycheck and deposited in a savings account that earns 12% annually,
compounded monthly. If Malone continues with her plan for one 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 decimal places.)
Periodic Cash Flow
Table Values are Based on:
41
n
i
X
=
=
Table Factor
1%
=
Total Accumulation](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4df4f131-8b42-4eb1-bb25-4663c6104633%2Fa0fa1958-af88-461c-bd04-eed8e3a68ea1%2Flhlmdi_processed.png&w=3840&q=75)
Transcribed Image Text:Kelly Malone plans to have $41 withheld from her monthly paycheck and deposited in a savings account that earns 12% annually,
compounded monthly. If Malone continues with her plan for one 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 decimal places.)
Periodic Cash Flow
Table Values are Based on:
41
n
i
X
=
=
Table Factor
1%
=
Total Accumulation
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