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Exercise B-16 (Algo) Future value of an annuity LO P4 Kelly Malone plans to have $55 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. EV of $1. PVA of $1, and EVA of $1) Note: 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: Table Factor Total Accumulation

Exercise B-16 (Algo) Future value of an annuity LO P4 Kelly Malone plans to have $55 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. EV of $1. PVA of $1, and EVA of $1) Note: 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: Table Factor Total Accumulation

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
Problem 2E: Future Value Hugh Colson deposited 20,000 in a special savings account that provides for interest at...
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Exercise B-16 (Algo) Future value of an annuity LO P4 Kelly Malone plans to have $55 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 EVA of $1) Note: 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: n 1 = . Table Factor Total Accumulation
Transcribed Image Text:Exercise B-16 (Algo) Future value of an annuity LO P4 Kelly Malone plans to have $55 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 EVA of $1) Note: 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: n 1 = . Table Factor Total Accumulation
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