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You can invest $10,000 in a fund that pays 5.5% per year over the next 25 years. If your tax rate is 24%. Investment
You can invest $10,000 in a fund that pays 5.5% per year over the next 25 years. If your tax rate is 24%.
| Investment | ||
| Interest rate | ||
| Tax rate | ||
| Maturity | ||
| After-tax rate | ||
| Value at maturity |
How much will the fund be worth in 25 years?
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
