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Brenda plans to reduce her spending by $50 a month. Calculate the future value of this increase in savings over the next 12 years. (Assume

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Brenda plans to reduce her spending by $50 a month. Calculate the future value of this increase in savings over the next 12 years. (Assume an annual deposit to her savings account, and an annual interest rate of 5 percent.) Use Exhibit 1-8. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Future value

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