Q18 If you earned a 3.3% return on your savings with a 20% tax rate, what is your after-tax rate of return?

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.41TI: Jim loaned his sister $5,000 to help her buy a house. In 3 years, she paid him the $5,000, plus $900...
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If you earned a 3.3% return on your savings with a 20% tax rate, what is your after-tax rate of return?

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