If Eric Sanchez saves $60 a month by using coupons and doing comparison shopping, (a) what is the amount for a year? (b) What would be the future value of this annual amount over 10 years, assuming an interest rate of 3 percent?

Question

08-03-2021
Mathematics

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If Eric Sanchez saves $60 a month by using coupons and doing comparison shopping, (a) what is the amount for a year? (b) What would be the future value of this annual amount over 10 years, assuming an interest rate of 3 percent?

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