Assuming a 1-year, money market account investment at 2.58 percent (APY), a 1.62% inflation rate, a 28 percent marginal tax bracket, and a constant $40,000 balance, calculate the after-tax rate of return, the real 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 2.58 percent (APY), a 28 percent marginal tax bracket, and a constant $40,000 balance the after-tax rate of return is