=+a. In a regular investment account, you will have to pay taxes on the interest you earn

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=+a. In a regular investment account, you will have to pay taxes on the interest you earn each year.

Thus, even though you earn 10%, you have to pay a third in taxes, leaving you with an aftertax return of 6.67%. Under these circumstances, how much will you have accumulated in your account 30 years from now?

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Microeconomics An Intuitive Approach With Calculus

ISBN: 9781337335652,9781337027632

2nd Edition

Authors: Thomas Nechyba

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Question Posted: Nov 02, 2024 06:00 AM

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=+a. In a regular investment account, you will have to pay taxes on the interest you earn

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Microeconomics An Intuitive Approach With Calculus

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