Problem
By the numbers. Suppose that a particular piece of property had a market value of $100,000. Now the local government finds that it must increase taxes by $200 a year on this (and other) properties just to maintain the current level of public services. At an interest rate of 6 percent, how would this tax increase affect the market value of this property?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.