d-35417 3361885centerwin Christine Pellman S/1/ Oven work: 3-3 MyFinancelab: Mod

Question

d-35417 3361885centerwin Christine Pellman S/1/ Oven work: 3-3 MyFinancelab: Module Three Homework Problem P5-6(aimar l and aconstant S60,000 balance, candate the ertu tate ofretan, the red "han and thtoul Assuming a l.year, money market acceuent investment at 2.61 pecent (AP), a L% infation ate,a 10pmcent arginal tas bracket and a constant 560,000 monetary retam What are the implcations of this result for cash management decisions? tan braket, éound to two decmal places ) market accourt "vestment t 2 61 percent (Arn10 percent "gnal taa bracket, and a constant $60,000 belance the afastanate of return is Assuming a 1-year, money maket account investment at 261 percent (A),a 10pecent marginal tas bracket, and a constant ter your answer in the answer box, then dlick Check Answer

Explanation / Answer

Money market invest 2.61% Tax rate 10% after tax rate of return 2.349 (2.61*(1-.1)

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