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Brenda plans to reduce her spending by $75 a month. What would be the future value of this reduced spending over the next 12 years?
Brenda plans to reduce her spending by $75 a month. What would be the future value of this reduced spending over the next 12 years? (Assume an onnual deposit to her savings account and an annual interest rate of 6 percent) Use Exhibit i.8. (Round discount factor to 3 decimal places and final answer to 2 decimal places.)
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