You invest $⁢100 monthly in an annuity that pays 5% interest, compounded monthly, for 30 years. What will be the annuity's future value? Formula for future value of an annuity: F⁢V=P×((1+r/n)^n⁢t−1)/(r/n) where: • F⁢V = future value of the annuity • P = payment amount per period • r = annual interest rate (decimal) • n = number of compounding periods per year • t = total number of years