Read each of the given problems and then select the best of the given answers in Problems
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Read each of the given problems and then select the best of the given answers in Problems 3–29.
An investor has $2,500 at 2.5%, $21,300 at 3.2%, and $8,540 at 3.8%. If this investor is in a 38% tax bracket, how much interest income, after taxes, is realized?
A. $1,068.62
B. $32,340
C. $662.54
D. $406.08
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