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Determining the equivalent after tax yield

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Bobbie is in the 32% income tax bracket and has some extra cash on hand. She plans to either buy a bank CD to earn some extra interest, or she will put it towards her mortgage that has an annual interest rate of 1.7%. What annual interest rate would she need to earn on her CD to achieve the equivalent after tax "yield" as paying down the mortgage?

Reference no: EM132920338

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