Question

Matt recently deposited $20,000 in a savings account paying a guaranteed interest rate of 4 percent for the next 10 years. (do not round intermediate calculations. round your answers to the nearest whole dollar amount.)required:if matt expects his marginal tax rate to be 20 percent for the next 10 years, how much interest will he earn after-tax for the first year of his investment

Answer 1

The interest of Matt if he expects his marginal tax rate to be 20% for the next 10 years, will he earn after-tax for the first year of his investment is $640. The after-tax of the first year of Matt investment will be 640 dollars.