Wendy Brooks prepares her own income tax return each year. A tax preparer would charge her...

Wendy Brooks prepares her own income tax return each year. A tax preparer would charge her $235 for this service. Over a period of 10 years, how much does Wendy gain from preparing her own tax return? Assume she can earn 4 percent on her savings. Round FVA factor to 3 decimal places and final answer to 2 decimal places.

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Expert Solution

Savings per year		235
× FVAF		12.006
Savings		2821.41

Answer is

2821.41

Her savings is $2,821.41 in ten years

jeff jeffy answered 2 years ago

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