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Future Value of Annulty. Michele is atiending college and has a parttime job. Once sho finishes colloge, Michelle would ike to relocate to a metropolitan

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Future Value of Annulty. Michele is atiending college and has a parttime job. Once sho finishes colloge, Michelle would ike to relocate to a metropolitan area. She wants to bulld her sovings so that she will have a "nest egg" to start her of. Michele works out her budgot and decides she can allord to sot aside $100 per month for savings. Her bank will pay her 5% per year, compounded monthy, on her savings account. What wit be Michele's balance in five years

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