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Your taxes have increased by $4,000 (payable at the end of the year). You set aside money to pay for the next 5 years of
Your taxes have increased by $4,000 (payable at the end of the year). You set aside money to pay for the next 5 years of taxes. The account returns 4% annually. How much should be addes to the account to make sure that the property taxes for the next 5 years are paid?
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