Carrie is saving money now so that she will be able to help her kids with college. She found an annuity that is paying $5\%$ per year.

If she deposits $$85\mathrm{.}00$ each month for the next $15$ years, how much will be in the account?

Enter future value

Not quite.

She wants to have at least $$45,000\mathrm{.}00.$ How much should she deposit each month to reach her goal?

Enter monthly deposit

That's not it$.$

She decides to deposit $$170\mathrm{.}00$ each month. How much will she have deposited in total without interest?

Enter total

S

Instead of using an annuity, she is thinking of opening a savings account that also pays $5\%$ per year compounded monthly. How much would she have to deposit $($making only one deposit$)$ today to reach her goal of $45,000$ in $15$ years?

Enter single deposit