Matt recently deposited $31,250 in a savings account paying a guaranteed interest rate of 5.5...
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Accounting
Matt recently deposited $31,250 in a savings account paying a guaranteed interest rate of 5.5 percent for the next 10 years.(Do not round intermediate calculations. Round your answers to the nearest whole dollar amountb. How much interest will he earn after-tax for the second year of his investment if he withdraws enough cash every year to pay the tax on the interest he earns?c. How much will he have in the account after four years? d. How much will he have in the account after seven years?
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