Problem 8-2 Future Value of Wise Buying (L08-1] Assume Eric Sanchez saves $59 a month by using coupons and doing comparison shopping. (a) What is the annual savings amount? Answer is complete and correct. Annual savings amount $ 706 (b) What would be the future value of this annual amount over 17 years, assuming an interest rate of 7 percent? Use Exhibit. 1-B (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Answer is complete but not entirely correct. $ 1819.58 Future value 169 1140 Period 1 2 1000 1.000 2.000 3.276 4 5 6 7 10% 1.000 2.100 3.310 4.641 6.105 7/16 9.487 1.000 2.020 3.060 4122 5.204 D300 734 0.500 9.755 10.950 12.169 2.110 3.342 4.710 6.228 7.91 978 3% 1.000 2.030 3.091 4.184 5.309 6.468 7.662 3.092 10.150 11 464 12.800 14192 15.618 17.00 10.599 20.157 21.762 13 1.000 2010 3.030 4,000 5.101 0.152 7210 0.286 9.369 10.462 11.567 12.683 13.809 146147 16.097 17.258 18.430 19,615 20.811 22.010 5.985 7523 9.2001 11.020 13,021 9 1.000 2.050 3.153 4310 5.526 6.02 B.142 9.549 11.027 12.576 14,207 15,917 17.713 19.50 21.575 10 11 12 13 14 15 10 17 16 19 20 1.000 2.040 3.1221 4.240 5.4161 6,633 7.8981 9.214 10.583 12.000 13.466 15.026 16.622 13.20 20.024 21.825 23.098 25.665 27.670 29.770 41.640 SOTOS 95026 152.607 14.680 6% 1.000 2.060 3.184 4375 5.617 6.975 3394 9,897 11.491 13.11 14.972 16.870 18.882 21.015 23.276 12673 28.213 30.906 33.7601 36.286 54.165 1900 154.762 290...10 1.000 20701 3.215 4.440 5.751 7.153 8650 10.200 11.970 13.016 15.784 17.8.80 20.141 22550 25. 1291 27.300 30 840 33.999 37 379 40.995 6312491 94.401 199.655 406 50 1.000 2000 3.246 4.506 5.867 7330 8.923 10.037 12.188 187 16.645 18.077 21.495 24.215 27.1521 30.020 33.750 37.450 41.446 45.702 73100 113.233 239,057 571270 17.293 SIG 20.012 21,412 22.840 24.297 12.000 40.568 60.402 20 13.579 15.017 16,531 21384 24.523 27.975 31.772 35.950 40.5451 45.5991 51.159 57.275 96.347 164,494 44275931 116009 17.560 20.141 22.953 26.01 29,101 33.003 30.974 412001 46.018 51.160 14/01 130.JOB 337.882 813.00 14.164 16.722 19.561 22.713 26.212 10095 34.405 1971901 14.501 50196 56.99 04.200 114.413 199.021 581.826 1668771 25.11.40 28.132 30.539 33,066 47.727 60.439 120.6001 209.346 SZ 25.117 20.070 364501 47.575 75.401 112.797 30785 48.8861 64.463 40 50 Period 1 SEL 12% 1.000 2 120 3.374 1.000 201701 3.530 5.141 7.014 9.202 11.772 10% 1000 2.180 3.572 5.215 7.154 9.442 12.142 1.000 2130 3.407 4.850 6.480 23 TO05 12:757 15.10 18.120 21.514 25.650 29.985 ESCO 0 7 9 10 11 12 13 14 15 16 12 113 10.09 12.00 14.770 17:549 20.655 24.133 20.029 32393 3720 42.750 666 155.750 6340 72.05 133.33 201333 767.091 200.00 14% 1.000 2.140 3.440 4.921 6.610 8.330 10.730 13.2.200 16.005 19.33% 23.045 27.271 32.089 17.01 1842 50.900 59.118 68.394 78506 91.025 11871 356.7117 1.342.025 1.000 2.150 3,473 4.993 6.742 8754 11.00 13.72 16786 20:304 24349 29.002 34352 401503 47.580 55717 65.075 VSB36 88212 102.444 212.703 1.000 2160 3.500 5.066 6.877 8.977 11.414 14.240 17.5191 21.221 25.733 30.850 36.7861 43.672 31.600 60.925 71.673 18.265 22,393 27200 32.824 39.404 47.103 50.110 66.649 76.979 93.400 110.265 1.10.033 292.105 647.49 3134,52 15009 502 19% 1.000 2.100 3.600 51291 7.297 9.683 12.523 155902 19.923 24:700 30.404 37180 45.244 51.841 :261 79.850 96.022 19.000 23.521 28.755 34,931 42.219 50 818 00.365 720999 37.066 103,740 123.410 140.623 42.603 29004 4163.213 2161004 2016 25% 30% 1.000 1.000 1.000 2.250 2.300 3.640 3.813 3.990 5158 5.266 0.187 7462 8.2011 9.043 9.90 11.250 12.750 12.916 15:073 12383 16499 19.842 23.65 20./99 25.802 32.015 25059 33:23 32.150 42.566 50.405 54 74.227 48.497 66.760 97.625 59.196 36.9491 127.913 720351 109.667 167.286 67.402 138 100 218472 105.931 175.0.36 265.012 128.117 210.045 371 513 154,740 273,556 186688 -342.445 6.0 105 471.961 1054.791 2348.803 11111 382 8720 7343.650 JO006.655 120392003 45497101 20025569316597607051 40/417 40.672 53/39 01725 10.749 00047 155.620 03.199 1013.2014 3459.502 19 20 25 30 1991 BET SOGOS 115.380 249.24 4027042 900/12 5520.020 1779.090 7217716 2360,737 10-135 640