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 wavings so that she will have a nesto" to start her off. Michelle works out her budget and decides she can afford to set aside $150 per month for savings. Her bank will pay her 3% per year, compounded monthly, on her savings account. What will be Michelle's balance in five years? In five years, Michelle's balance will be $ (Use your financial calculator and round to the nearest cent) Although the result the calculator retums may be a negative number, the amount should be stated as a positive value. Note that interest is compounded monthly in this case, Using the calculator, enter values (7) from the question into your calculator