Assuming a$1-$year, money market account investment at

$2\mathrm{.}872\mathrm{.}87$

percent$($APY$),$ a

$1\mathrm{.}711\mathrm{.}71$

percent inflation$$ rate, a

$2525$

percent marginal tax$$ bracket, and a constant

$$$$60$ comma $00060,000$

$$balance$,$ calculate the$$ after$-$tax rate of$$ return, the real rate of$$ return, and the total monetary return. What are the implications of this result for cash management$$ decisions?

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Part $1$

Assuming a$1-$year, money market account investment at

$2\mathrm{.}872\mathrm{.}87\%$

$($APY$),$ a

$2525\%$

marginal tax$$ bracket, and a constant

$ $60$ comma $000$$$60,000$

$$balance$,$ the$$ after$-$tax rate of return is

$$

enter your response here$\%.$

$($Round to two decimal$$