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You took an amazing class at the U that changed your life, so now you...

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Finance

You took an amazing class at the U that changed your life, so now you are going to invest for your

retirement. Your tax bracket is 25% federal and 5% state. Your investment is in a federally and

state tax free account that earns 11% each year. What interest rate are you effectively earning on

your investment? ( please show your work, thank you in advance :D)

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