jackson has the choice to invest in city of mitchell bonds or sundial, incorporated corporate bonds that pay 7% interest. jackson is a single taxpayer who earns $65,000 annually. assume that the coty of mitchell bonds and the sundial, incorporated bonds have similar risk. what interest rate would the city of mitchell have to pay in order to make jackson indifferent between investing in the city of mitchell and the sundial incorporated bonds for 2020?

2020 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: $ 0 $ 9,875 $ 9.875 $ 40,125 $ 40.125 $ 85,525 $ 85,525 $163,300 $163,300 $207,350 $207,350 $518,400 $518,400 The tax is: 10% of taxable income $987.50 plus 12% of the excess over $9.875 $4,617.50 plus 22% of the excess over $40,125 $14,605.50 plus 24% of the excess over $85.525N $33,271.50 plus 32% of the excess over $163,300 S47,367.50 plus 35% of the excess over $207,350 $156,235 plus 37% of the excess over $$18.400 Schedule Y 1 Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: S $ 19,750 10% of taxable income S 19.750 S 80,250 | $1.975 plus 12 of the excess over $19.750 S 80,250 $171,050 $9,235 plus 229 of the excess over $80,250 $171,050 $326.600 $29.211 plus 24% of the excess over $171,050 S326,600 S414,700 $66,543 plus 329 of the excess over $326.600 $414,700 S622,050 $94.735 plus 35% of the excess over $414.700 $622,050 $167.307 50 plus 37% of the excess over $622,050 Schedule Z-Head of Household If taxable income is over: But not over: The tax is