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Haley is 57 years of age. She is planning for future long-term care needs. She knows that yearly nursing home costs in her area are
Haley is 57 years of age. She is planning for future long-term care needs. She knows that yearly nursing home costs in her area are currently $69,000, with prices increasing by 5 percent annually. Assume that she can eam 8 percent on savings (before taxes) and that she is in a 24 percent combined state and federal marginal income tax bracket How much is Haley earning on an after-tax bass? a 300 percent 1.6.08 percent O c. 6.90 percent d. 7.30 percent
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