Bill considers himself an average cigarette smoker for the consumes about a carton a week. He wonders how much he could accumulate by the time he reaches 65 if he quit smoking and put his cigarette money into a savings account. Cigarettes cost Per, carton. Bill expects that a savings account would earn 4% interest, compounded semiannually. Compute Bill's future worth at age 65.

The following amounts are to be deposited into a account: Determine the future worth of the cash flow based on an interest rate of 12% per year, compounded annually.