13. (FV annuity) Michael is considering his consumption habits, trying to figure out how to save money.

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13. (FV annuity) Michael is considering his consumption habits, trying to figure out how to save money. He realizes that he could save $10 every week by ordering regular coffee instead of latte at the local coffee shop. Since he buys a cup of coffee every work day (5 days a week), every week (52 weeks a year), this works out to be quite a sum.

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