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Sholpan [36]
3 years ago
5

Brenda plans to reduce her spending by $55 a month. What would be the future value of this reduced spending over the next 12 yea

rs? (Assume an annual deposit to her savings account, and an annual interest rate of 6 percent.)
Social Studies
1 answer:
mash [69]3 years ago
7 0

Answer:

Explanation:

If she will save 55 per month, in a year she will save the quantity of 55 X 12 = $660. Bearing this into mind, over the next two years, she will save the quantity of 660 X 12 = $7920

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