Assuming a 1-year, money market account investment at 1.59 percent (APY), a 0.49 percent inflation rate, a 28 percent marginal tax bracket, and a constant $60,000 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? Assuming a 1-year, money market account investment at 1.59% (APY), a 28% marginal tax bracket, and a constant $60,000 balance, the after-tax rate of return is %. (Round to two decimal places.)

Assuming a 1-year, money market account investment at 1.59 percent (APY), a 0.49 percent inflation rate, a 28 percent marginal tax bracket, and a constant $60,000 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? Assuming a 1-year, money market account investment at 1.59\% (APY), a 28% marginal tax bracket, and a constant $60,000 balance, the after-tax rate of return is \%. (Round to two decimal places.)