On December 30, you decide to make a $1,000 charitable donation. If you are in a 22
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On December 30, you decide to make a $1,000 charitable donation. If you are in a 22 percent tax bracket, how much will you save in taxes for the current year? If that tax savings was deposited in a savings account for the next five years at 8 percent, what would be the future value of that account?
Future ValueFuture value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...
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Related Book For 
Personal Finance
ISBN: 978-1259720680
12th edition
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
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