If a person saves $62 a month by using coupons and doing comparison shopping, (a) what is

Question:

If a person saves $62 a month by using coupons and doing comparison shopping,

(a) what is the amount for a year?

(b) What would be the future value of this annual amount over 10 years, assuming an interest rate of 4 percent?

Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...

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