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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

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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 currently $69,000, with prices increased 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 What is the other tax real rate of retum (e. the serial rato)? 02.103 percent 06.190 percent OC 230 percent d. 5.00 percent

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