Assuming a 1-year, money market account investment at 3.09 percent (APY), a 2.01% inflation rate,...
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Finance
Assuming a 1-year, money market account investment at 3.09 percent (APY), a 2.01% inflation rate, a 15 percent marginal tax bracket, and a constant $60,000 balance, calculate the after-tax rate of return, the real return and the total monetary return. What are the implications of this result for cash management decisions?
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