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Elaine Romberg prepares her own income tax return each year. A tax preparer would charge her $110 for this service. Over a period of 10
Elaine Romberg prepares her own income tax return each year. A tax preparer would charge her $110 for this service. Over a period of 10 years, how much does Elaine gain from preparing her own tax return? Assume she can earn 2 percent on her savings. (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 answer to 2 decimal places
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