Jackson has the choice to invest in city of Mitchel bonds or Sundial Incorporated corporate bbonds that pay 7 percent interest. Jackson is a single taxpayer who carns $55,500 annually Assume that the city of Mitchell bands and the Sundial, Incorporated boonds fave sirvailar. What interest rate would the city of Mitchell have to pay in order to make Jackson indifferent between investing in the city of MItchell and the Sundial, Incorporated bonds for 2020? (Use tax rate schedule)

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