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Question: assuming a 1year money market account investment at 309 percent...

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Assuming a​ 1-year, money market account investment at 3.09 percent​ (APY), a 2.01​% inflation​ rate, a 15 percent marginal tax​ bracket, and a constant $60,000 ​balance, calculate the​ after-tax rate of​ return, the real return and the total monetary return. What are the implications of this result for cash management​ decisions?

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