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2.65 Assume you work at Taco Cabaa part time during college. Your federal income taxes are $3500 this year (year 1) and are expected to

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2.65 Assume you work at Taco Cabaa part time during college. Your federal income taxes are $3500 this year (year 1) and are expected to follow a geomet- ric gradient series with increases of 5% each year through year 6, when you plan to complete gradu- ate studies. Calculate the present worth of the tax series at i = 10% per year

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