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Brenda plans to reduce her spending by $50 a month What would be the future value of this reduced spending over the next 10 years Assume an annual deposit to her savings account and an annual

Brenda plans to reduce her spending by $50 a month. What would be the future value of this reduced spending over the next 10 years? (Assume an annual deposit to her savings account, and an annual interest rate of 3 percent.)

 

2. Kara George received a $5,000 gift for graduation from her uncle. If she deposits this in an account paying 3 percent, what will be the value of this gift in 12 years?

May 16 2020 View more View Less

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