On December $30,$ you make a $$4,100$ charitable donation.

a$.$ If you are in the $32$ percent tax bracket, how much will you save in taxes for the current year? $($Assume your other

itemized deductions exceed the standard deduction amount.$)$

Tax savings

b$.$ If you deposit that tax savings in a savings account for the next four years at $6$ percent, what will be the future

value of that account? Use Exhibit $1-$A$.($Round FV factor to $3$ decimal places. Round your answers to $2$ decimal

places.$)$

Future value