Assuming a 1-year, money market account investment at 5.39 percent (APY), a 2.98% 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 5.39 percent (APY), a 28 percent marginal tax bracket, and a constant $40,000

balance the after-tax monetary return is $ (Round to the nearest dollar.)