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In the following exercises, write a
Equivalent Interest Rates Interest earned on municipal bonds from an investor's home state is not taxed, whereas interest earned on CDs is taxed. Therefore, in order for a CD to earn as much as a municipal bond, the CD must pay a higher interest rate. How much higher the interest rate must be depends on the investor's tax bracket. Write a program that allows the user to enter a tax bracket and a municipal bond interest rate and then finds the CD interest rate with the same yield. See Fig. 3.40. Note: If the tax bracket is expressed as a decimal,
then

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Chapter 3 Solutions
Pearson eText for Introduction to Programming Using Visual Basic -- Instant Access (Pearson+)
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