About the future value of annuity

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Future Value of Annuity. Michelle is attending college and has a? part-time job. Once she finishes? college, Michelle would like to relocate to a metropolitan area. She wants to build her savings so that she will have a? "nest egg" to start her off. Michelle works out her budget and decides she can afford to set aside ?$130 per month for savings. Her bank wIll pay her 2% per year. compounded monthly, on her savings account.  what will be Michelle's balance will be ?In five? years? in five years, Michelle's balance will be $?

Reference no: EM131967602

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