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Elaine Romberg prepares her own income tax return each year. A tax preparer charges her...

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Finance

Elaine Romberg prepares her own income tax return each year. A tax preparer charges her $120 for this service. Over a period of 11 years, how much does Elaine save from preparing her own tax return? Assume she can earn 6 percent with a savings certificate. Use Exhibit 1B-2. (Round time value factors to 3 decimal places and final answer to 2 decimal places. Omit the "$" sign in your response.) Savings from preparing tax return $

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