Michael is considering his consumption habits, trying to figure out how to save money. He realizes that he could save $10 every week by ordering regular coffee instead of latte at the local coffee shop. Since he buys a cup of coffee every work day (5 days a week), every week (52 weeks a year), this works out to be quite a sum.

1. If Michael is 25 today and retires at age 65, how much money will he have accumulated from savings on coffee versus latte? Assume that the weekly interest rate is 0.1% and that the savings occur at the end of each week.

2. Michael was astounded at the answer to part a of this problem. He realized he had more wasteful habits, and he made a list of possible savings to see how much richer he could be at age 65. What are the rewards to Michaels frugality?

Did I calculate these right???????????????????????

0.10% Weekly interest rate Weekly latte savings Years until age 65 Weeks until age 65 Savings at age 65 (future value) 10.00 40