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Assume a person saves $62 a month by using coupons and doing comparison shopping, a. What is the amount of annual savings? Annual savings amount

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Assume a person saves $62 a month by using coupons and doing comparison shopping, a. What is the amount of annual savings? Annual savings amount b. What would be the future value of this annual amount over 10 years, assuming an interest rate of 4 percent? Use Exhibit 18 (Round FVA factor to 3 decimal places and final answer to 2 decimal places) Future Value

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