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Business, 24.12.2019 17:31 Silvanade

You put money into an account that earns an 8 percent nominal interest rate. the inflation rate is 5 percent, and your marginal tax rate is 10 percent. what is your after-tax real rate of interest?

a. 11.7 percent
b. 2.2 percent
c. 2.7 percent
d. 7.7 percent

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