10. Future Value of Annuity. You are attending college and have a part-time job. Once you finish college, you would like to relocate to a
10. Future Value of Annuity. You are attending college and have a part-time job. Once you finish college, you would like to relocate to a metropolitan area. You want to build your savings so that you will have a "nest egg" for emergencies. You worked out your budget and decided that you can afford to set aside $350 per month into a CD. Your bank will pay you 12% annually on your CD. What will your balance be in 4 years?
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