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Three Homewor K Part 1 of 5 7.23%, 38.62 of 50 points O Points: 0 of 8 *** Save Assuming a 1-year, money market account
Three Homewor K Part 1 of 5 7.23%, 38.62 of 50 points O Points: 0 of 8 *** Save Assuming a 1-year, money market account investment at 2.45 percent (APY), a 1.10 percent inflation rate, a 33 percent marginal tax bracket, and a constant $30,000 balance, calculate the after-tax rate of return, the real rate of return, and the total monetary return. What are the implications of this result for cash management decisions? Assuming a 1-year, money market account investment at 2.45% (APY), a 33% marginal tax bracket, and a constant $30,000 balance, the after-tax rate of return is % (Round to two decimal places.)
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