What are the implications of this result for cash management

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Question - Assuming a 1yr, money market account investment at 4.73 percent (APY), a 2.53% inflation rate, a 33 percent marginal tax bracket and a constant $70000 balance, calculate the after-tax rate of return, the real return and the total monetary return. What are the implications of this result for cash management decisions? Please explain the equations used and provide calculations & percentages.

Reference no: EM133178386

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