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20. PLEASE SHOW EXCEL WORK. THANKS! Brenda plans to reduce her spending by $50 a month. What would be the future value of this reduced

20. PLEASE SHOW EXCEL WORK. THANKS!

Brenda plans to reduce her spending by $50 a month. What would be the future value of this reduced spending over the next 10 years? (Assume an annual deposit to her savings account, and an annual interest rate of 3 percent.) Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to 2 decimal places.)

Future value $

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