Paul works for a government agency in southern California making $65,000 per year. He is now being transferred to a branch office in Tennessee. The salary reduction associated with this transfer is 12%. Paul is not insulted by this reduction in pay and accepts his new location and salary gladly. He researched that the cost of living index in California is 132 whereas the cost of living index in Tennessee is 94. Over the next five years, what is the FW of Paul's extra income/improved life style (through the reduced cost of living) from having made this move? Paul's MARR is 10% per year (im). Click the icon to view the interest and annuity table for discrete compounding when i = 10% per year. The FW of Paul's extra income/improved life style is $ (Round to the nearest dollar.) More Info Discrete Compounding; i=10% - Single Payment Uniform Series Compound Compound Amount Present Factor Worth Factor Amount Factor Present Worth Factor Sinking Fund Factor Capital Recovery To Find F To Find P To Find F To Find P Given P Given F Given A Given A Given F N F/P P/F F/A P/A A/F To Find A Factor To Find A Given P A/P 1 1.1000 0.9091 1.0000 0.9091 1.0000 1.1000 2 1.2100 0.8264 2.1000 1.7355 0.4762 0.5762 3 1.3310 0.7513 3.3100 2.4869 0.3021 0.4021 4 1.4641 0.6830 4.6410 3.1699 0.2155 0.3155 5 1.6105 0.6209 6.1051 3.7908 0.1638 0.2638 6 1.7716 0.5645 7.7156 4.3553 0.1296 0.2296 7 1.9487 0.5132 9.4872 4.8684 0.1054 0.2054 8 2.1436 0.4665 11.4359 5.3349 0.0874 0.1874 9 2.3579 0.4241 13.5795 5.7590 0.0736 0.1736 10 2.5937 0.3855 15.9374 6.1446 0.0627 0.1627 11 2.8531 0.3505 18.5312 6.4951 0.0540 0.1540 12 3.1384 0.3186 21.3843 6.8137 0.0468 0.1468 13 3.4523 0.2897 24.5227 7.1034 0.0408 0.1408 14 3.7975 0.2633 27.9750 7.3667 0.0357 0.1357 15 4.1772 0.2394 31.7725 7.6061 0.0315 0.1315 16 4.5950 0.2176 35.9497 7.8237 0.0278 0.1278 17 5.0545 0.1978 40.5447 8.0216 0.0247 0.1247 18 5.5599 0.1799 45.5992 8.2014 0.0219 0.1219 19 6.1159 0.1635 51.1591 8.3649 0.0195 0.1195 20 6.7275 0.1486 57.2750 8.5136 0.0175 0.1175