Attending college and has a part-time job

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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 $140 per month for savings. Her bank will pay her 5% per year, compounded monthly, on her saving account. What will be Michelles balance in 5 years?

Reference no: EM13976574

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