{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T10:13:11-04:00", "answer_date": "2024-05-26 10:13:11", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1734695", "url": "\/study-help\/questions\/problem-733-lo-71-algo-matt-recently-deposited-31500-in-1734695", "question_creation_date_js": "2024-05-26T10:13:11-04:00", "question_creation_date": "May 26, 2024 10:13 AM", "meta_title": "[Solved] Problem 7-33 (LO 7-1) (Algo) Matt recentl | SolutionInn", "meta_description": "Answer of - Problem 7-33 (LO 7-1) (Algo) Matt recently deposited $31,500 in a savings account paying a guaranteed interest rate of | SolutionInn", "meta_keywords": "problem,7-33,lo,7-1,algo,matt,recently,deposited,$31,500,savings,account,paying", "question_title_h1": " Problem 7-33 (LO 7-1) (Algo) Matt recently deposited $31,500 in a savings account paying a guaranteed interest rate of 2.2 percent for the next", "question_title": " Problem 7-33 (LO 7-1) (Algo) Matt recently deposited $31,500 in a", "question_title_for_js_snippet": "Problem 7 33 (LO 7 1) (Algo) Matt recently deposited $31,500 in a savings account paying a guaranteed interest rate of 2 2 percent for the next 10 years Required a If Matt expects his marginal tax rate to be 22 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 (For all requirements, do not round intermediate calculations and round your final answers to the nearest whole dollar amount ) a After tax interest for the first year of investment $ 541 b After tax interest for the second year of investment $ 550 c Account balance after 4 years d Account balance after 7 years", "question_description": "\"image", "transcribed_text": "Problem 7-33 (LO 7-1) (Algo) Matt recently deposited $31,500 in a savings account paying a guaranteed interest rate of 2.2 percent for the next 10 years. Required: a. If Matt expects his marginal tax rate to be 22.00 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? (For all requirements, do not round intermediate calculations and round your final answers to the nearest whole dollar amount.) a. After-tax interest for the first year of investment $ 541 b. After-tax interest for the second year of investment $ 550 c. Account balance after 4 years d. Account balance after 7 years", "related_book": { "title": "Hospitality Financial Accounting", "isbn": "9780470598092, 470083603, 978-0470083604", "edition": "2nd Edition", "authors": "Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Agnes L.", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/239.jpg", "uri": "\/textbooks\/hospitality-financial-accounting-2nd-edition-239", "see_more_uri": "" }, "free_related_book": { "isbn": "0802146031", "uri": "\/textbooks\/blood-from-a-stone-a-commissario-guido-brunetti-mystery-1st-edition-978-0802146038-106715", "name": "Blood From A Stone A Commissario Guido Brunetti Mystery", "edition": "" }, "question_posted": "2024-05-26 10:13:11", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/studentgradesjava-import-javaiofileimport-javaiofilereaderimport-javaioioexceptionimport-javaioprintwriterimport-javautilmapimport-javautilscannerimport-javautilsetimport-javautiltreemappublic-203546", "description": "StudentGrades.java import java.io.File; import java.io.FileReader; import java.io.IOException; import java.io.PrintWriter; import java.util.Map; import java.util.Scanner; import java.util.Set; import...", "stars": 3 }, { "url": "\/1-why-was-the-pga-so-reluctant-to-allow-martin", "description": "1. 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