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b) Tom is a heavy smoker but has decided to go cold turkey and quit smoking as of his birthday on July 1, 2022, when
b) Tom is a heavy smoker but has decided to go cold turkey and quit smoking as of his birthday on July 1, 2022, when he turns 25. He is currently smoking one package of cigarettes a day which costs him $15 each day. He is wondering how much he would save if he put this money aside until his age 65 and invested it at a rate of 6% compounded weekly. Days per year: 365; Weeks per year: 52.
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