If Eric Sanchez saves $60 a month by using coupons and doing comparison shopping, (a) what is the amount for a year? (b) What wo
uld be the future value of this annual amount over 10 years, assuming an interest rate of 3 percent?
1 answer:
A. Annual Savings = $60 * 12 = $720
b. $8384.48
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Step-by-step explanation:
we have

Adds the terms
Group terms that contain the same variable

Combine like terms

where

therefore
