Question: On December 30, you decide to make a $1,500 charitable donation. If you are in the 28 percent tax bracket, how much will you save

On December 30, you decide to make a $1,500 charitable donation. If you are in the 28 percent tax bracket, how much will you save in taxes for the current year? If you deposit that tax savings in a savings account for the next five years at 4 percent, what will be the of that account?

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