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Assume a person saves $80 a month by using coupons and doing comparison shopping. a. What is the amount of annual savings? Annual savings amount
Assume a person saves $80 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 7 years, assuming an interest rate of 5 percent? Use Exhibit 1-B. (Round FVA factor to 3 decimal places and final answer to 2 decimal places.) Future value
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Basic Finance An Introduction to Financial Institutions Investments and Management
Authors: Herbert B. Mayo
10th edition
1111820635, 978-1111820633
