Multiple Choice
You put money in an account that earns 8 percent.The inflation rate is 4 percent,and your marginal tax rate is 10 percent.What is your after-tax real rate of interest?
A) 1.0 percent
B) 3.2 percent
C) 3.3 percent
D) 3.4 percent
Correct Answer:
Verified
Correct Answer:
Verified
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