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Assume a person saves $76 a month by using coupons and doing comparison shopping. a. What is the amount of annual savings? Annual savings amount
| Assume a person saves $76 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 8 years, assuming an interest rate of 5 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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