Southern company is preparing a cash budget for april. the company has $12,000 cash at the beginning of april and anticipates $30,000 in cash receipts and $34,500 in cash disbursements during april. southern company has an agreement with its bank to maintain a minimum cash balance of $10,000. to maintain the required balance during april, the company must

Ichelle 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 $9090 per month for savings. her bank will pay her 4 %4% per year, compounded monthly, on her savings account. what will be michelle's balance in five years?