<h2>
Answer:</h2>
<em><u>Future Value = $ 19122.312</u></em>
<h2>
Step-by-step explanation:</h2>
We know that,
Amount by which Brenda plans to reduce her spending = $110
Time Period of increase = 10 years
Annual Interest Rate, r = 8 %
Now,
Annual Savings is given by,
<u>Annual Savings = Monthly reduction in spending x Number of Months per year</u>
Annual Savings = 110 x 12 = $1320
Now,
Future Value is given by,
<u>Future Value = Annual Savings x Future Value annuity Table factor</u>
and,
Annuity Table Factor for n = 10 years at, r = 8 % is = 14.4866
So,
Future Value = 1320 x 14.4866
<em><u>Therefore, the Future Value is = $ 19122.312</u></em>
<em><u></u></em>