Solved: How much will be accumulated in the account on the date, Accounting Basics

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How much will be accumulated in the account on the date

Question:

Kelly Malone plans to have $50 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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Accounting Basics: How much will be accumulated in the account on the date

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