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Elaine Romberg prepares her own income tax return each year. A tax preparer charges her $110 for this service. Over a period of 8 years,

Elaine Romberg prepares her own income tax return each year. A tax preparer charges her $110 for this service. Over a period of 8 years, how much does Elaine save from preparing her own tax return? Assume she can earn 2 percent with a savings certificate.

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