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Problem 1-11 Calculating the value of Reduced Spending (L01.4) If a person spends $12 a...

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Problem 1-11 Calculating the value of Reduced Spending (L01.4) If a person spends $12 a week on coffee (assume $600 a year), what would be the future value of that amount over 12 years if the funds were deposited in an account earning 1 percent? Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Future value

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