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Old MathJax webview Chloe is planning an investment. Her annual combined federal and provincial marginal tax rate is 32%. If she invests $1,000 every year
Old MathJax webview
Chloe is planning an investment. Her annual combined federal and provincial marginal tax rate is 32%. If she invests $1,000 every year for 3 years starting today, how much after-tax income will she earn on her investment if interest is paid semi-annually? Her investment generates interest, which is fully taxable the year it is earned.
Interest rate is 2.4% compounded semi-annually.
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