Matt expects his marginal tax

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Matt recently deposited $30,000 in a savings account paying a guaranteed interest rate of 4 percent for the next 10 years. If Matt expects his marginal tax rate to be 20 percent for the next 10 years, how much interest will he earn after-tax after the fourth year of his investment if he withdraws enough cash every year to pay the tax on the interest he earns?

Reference no: EM13940452

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