You Earn a Nominal Return of 6% on Your Savings

question 68

Short Answer

You earn a nominal return of 6% on your savings and the tax rate is 20%. If the rate of inflation is 2%, what are the before-tax real interest rate and your after-tax rate of return?

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Social Norms

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The ethical or professional duty to keep certain information private or secret, not disclosing it to unauthorized individuals or entities.

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