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1. Because a levy of property taxes creates a lien on taxable property, there is no need to reduce anticipated revenues for uncollectible amounts or to write off delinquent taxes. Do you agree or disagree with this statement? Why or why not

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2. Create a cash flow that has a rate of return at 10% and a rate of return at 20%. Plot the present worth of your cash flow to show the rates of return.

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