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6. Future Value of Annuity. Michelle in attending college and has a part-time job. Once...

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6. Future Value of Annuity. Michelle in 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 rest egg to start her off, Michelle works out her budget and decides she can afford to set aside $100 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? www 7 resent Value Jurn would like to give his newly bom grandion a bit of 50.000 or his 18th birthday, Juan can earn 9% annual interest on a corificate of deposit. How much must he deposit now in order to achieve his goal? (Round to the nearest cent) Use your financial calculator in In order to given in grandion $6,000 on his 18th birthday, Juan needs to deposits computing your answer, and round to the nearest cent) Calculation Although the result the calculator returns may be a negative number, the amount should be stated as a positive value - Amanal. How much wilami

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