28. 2.104 John and Mariam have owned a house in Virginia for the last 9 years. The series of their annual property tax expenses is shown below. If the same funds had been invested in the stock market, they would likely have earned at a rate of 10%

per year. Calculate the equivalent annual amount in years 1 through 9 if they had been able to invest the same amount of money each year in the stock market instead of paying property taxes.

Table Summary: Table divided into two columns shows property tax expenses in the year through 0 to 4 at a 10%

rate of interest annually.

The column headers are marked from left to right as: year and property taxes, in dollars.

Table Summary: Table divided into two columns shows property tax expenses in the year through 0 to 4 at a 10%

rate of interest annually.

The column headers are marked from left to right as: year and property taxes, in dollars.

Table Summary: Table divided into two columns shows property tax expenses in the year through 5 to 9 at a 10%
rate of interest annually.
The column headers are marked from left to right as: year and property taxes, in dollars.
Year Property Taxes, $
0 5000 1 5500 2 6000 3 6500 4 7000 5 7500 6 8000 7 8500 8 9000 9 9500