If you deposit that tax savings in a savings account for, Financial Management

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If you deposit that tax savings in a savings account for

On December 30th, you decide to make a $2,500 charitable donation (Assume you itemize your deductions).

A) If you are in the 28% tax bracket, how much will you save in taxes for the current year?

B) If you deposit that tax savings in a savings account for the next 5 years at 4%, what will be the future value of that account?

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