Multiple Choice
You put money into an account and earn a real interest rate of 6 percent.Inflation is 3 percent,and your marginal tax rate is 20 percent.What is your after-tax real rate of interest?
A) 4.8 percent
B) 5.4 percent
C) 7.2 percent
D) 4.2 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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