Assume Eric Sanchez saves $88 a month by using coupons and doing comparison shopping. a. What...

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Assume Eric Sanchez saves $88 a month by using coupons and doing comparison shopping. a. What is the annual savings amount? b. What would be the future value of this annual amount over 8 years, assuming an interest rate of 6 percent? (Exhibit 1-A. Exhibit 1-B. Exhibit 1-C. Exhibit 1-D) Note: Use appropriate factor(s) from the tables provided. Round time value factor to 3 decimal places and final answers to 2 decimal places. Answer is complete but not entirely correct. a Annual savings amount b. Future value $ 1,056 9,004.00 Assume Eric Sanchez saves $88 a month by using coupons and doing comparison shopping. a. What is the annual savings amount? b. What would be the future value of this annual amount over 8 years, assuming an interest rate of 6 percent? (Exhibit 1-A. Exhibit 1-B. Exhibit 1-C. Exhibit 1-D) Note: Use appropriate factor(s) from the tables provided. Round time value factor to 3 decimal places and final answers to 2 decimal places. Answer is complete but not entirely correct. a Annual savings amount b. Future value $ 1,056 9,004.00