Hassnein recently deposited $$32,500$ in a savings account paying a guaranteed interest rate of $5\mathrm{.}5$ percent for the next $10$ years.

Required:

a$.$ If Hassnein expects his marginal tax rate to be $22\mathrm{.}00$ percent for the next $10$ years, how much interest will he earn after$-$tax for the

first year of his investment?

b$.$ How much interest will he earn after$-$tax for the second year of his investment if he withdraws enough cash every year to pay the tax

on the interest he earns?

c$.$ How much will he have in the account after $4$ years?

d$.$ How much will he have in the account after $7$ years?

Note: For all requirements, do not round intermediate calculations and round your final answers to the nearest whole dollar

amount.

$$ Answer is not complete.

a$.$ After$-$tax interest for the first year of investment

b$.$ After$-$tax interest for the second year of investment

c$.$ Account balance after $4$ years

d$.$ Account balance after $7$ years