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 her savings so that she will have a? "nest egg" to start her off. Michelle works out her budget and decides she can afford to set aside ?$130 per month for savings. Her bank will pay her 2 %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 $ ?