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You decide to put $12 000.00 in a money market fund that pays interest at an annual rate of 8.4%, compounded monthly. You plan to
- You decide to put $12 000.00 in a money market fund that pays interest at an annual rate of 8.4%, compounded monthly. You plan to take the money after one year and pay Income tax on interest earned which is charged at 15%
Required
Determine the total amount available to after taxes
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Internal Auditing Assurance And Consulting Services
Authors: Kurt Reding, Paul Sobel, Michael Head, Sridhar Ramamoorti, Urton Anderson
2nd Edition
0894136437, 978-0894136436
