Problem 3-11 Future Value of Reduced Spending [LO3-4] Brenda plans to reduce her spending by $90 a month. Calculate the future value of this increase in savings over the next 8 years. (Assume an annual deposit to her savings account, and an annual interest rate of 7 percent) (Exhibit 1-A. Exhibit 1-8, Exhibit 1-C. Exhibit 10) Note: Use appropriate factor(s) from the tables provided. Round time value factor to 3 decimal places and final answer to 2 decimal places. Problem 3-11 Future Value of Reduced Spending [LO3-4] Brenda plans to reduce her spending by $90 a month. Calculate the future value of this increase in savings over the next 8 years. (Assume an annual deposit to her savings account, and an annual interest rate of 7 percent) (Exhibit 1-A. Exhibit 1-8, Exhibit 1-C. Exhibit 10) Note: Use appropriate factor(s) from the tables provided. Round time value factor to 3 decimal places and final answer to 2 decimal places