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Your bank account pays interest with an EAR of 5%. What is the after-tax real rate of interest (APR), assuming an annual inflation rate of
Your bank account pays interest with an EAR of 5%.
- What is the after-tax real rate of interest (APR), assuming an annual inflation rate of 2% and a marginal tax rate of 2%?
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Money Talks Explaining How Money Really Works
Authors: Nina Bandelj ,Frederick F. Wherry ,Viviana A. Zelizer
1st Edition
0691202893, 978-0691202891
