Carrie is saving money now so that she will be able to help her kids with college. She found an annuity that is paying 4% per year. If she deposits $60.00 each month for the next 17 years, how much will be in the account? Enter future value $ She wants to have at least $35,000.00. How much should she deposit each month to reach her goal? Enter monthly deposit $ She decides to deposit $120.00 each month. How much will she have deposited in total? Enter total $ Instead of using an annuity, she is thinking of opening a savings account that also pays 4% per year compounded monthly. How much would she have to deposit (making only one deposit) today to reach her goal? Enter single deposit $ If she wants to earn the most interest, is she better off with the annuity or the savings account? The annuity The savings account