Antonio would like to replace his golf clubs with a custom measured set. A local...
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Finance
Antonio would like to replace his golf clubs with a custom measured set. A local sporting goods megastore is advertising custom clubs for ?$830?, including a new bag.? In-store financing is available at 2.05 percent or he can choose not to renew his ?$500 certificate of deposit? (CD), which just matured. The advertised CD renewal rate is 2.08 percent. Antonio knows the? in-store financing costs would not affect his? taxes, but he knows? he'll pay taxes? (25 percent federal and 5.75 percent? state) on the CD interest earnings. Should he cash the CD or use the? in-store financing?? Why?
The? after-tax CD earnings rate is _%.???(Round to two decimal? places.)
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