Assuming a1-year, money market account investment at 2.95 percent(APY), a 1.25% inflationrate, a 35 percent marginal taxbracket, and a constant $30,000

balance, calculate theafter-tax rate ofreturn, the realreturn, and the total monetary return. What are the implications of this result for cash managementdecisions?

Assuming a1-year, money market account investment at 2.95 percent(APY), a 35 percent marginal taxbracket, and a constant $30,000 balance theafter-tax rate of return is_____%.