What will michelles balance be in five years, Financial Accounting

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What will michelles balance be in five years

Problem

Michelle is a tiny college and has a part time job once she finishes college Michelle would like to reclude 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 decide she can afford to set aside $80 per month for savings her bank will pay her 1% per year compounded monthly on her savings account what will michelle's balance be in 5 years?

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Financial Accounting: What will michelles balance be in five years

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