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Sarah earned 9% in her investment account. If she is in the 22% tax bracket, what is her after-tax savings rate of return? a) 6.42% b) 7.02% c) 9.00% d) 6.10% e) 8.50%

Sarah earned 9% in her investment account. If she is in the 22% tax bracket, what is her after-tax savings rate of return? a) 6.42% b) 7.02% c) 9.00% d) 6.10% e) 8.50%

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter13: Investing In Mutual Funds, Etfs, And Real Estate
Section: Chapter Questions
Problem 9FPE
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Sarah earned 9% in her investment account. If she is in the 22% tax bracket, what is her after-tax savings rate of return? a) 6.42% b) 7.02% c) 9.00% d) 6.10% e) 8.50%
Transcribed Image Text:Sarah earned 9% in her investment account. If she is in the 22% tax bracket, what is her after-tax savings rate of return? a) 6.42% b) 7.02% c) 9.00% d) 6.10% e) 8.50%
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