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Business, 04.01.2022 20:10 simplydimps22owbohb

You decide to put $12,000 in a money market fund that pays interest at the annual rate of 8.4%, compounding it monthly. You plan to take the money out after one year and pay the income tax on the interest earned. You are in the 15% tax bracket. Find the total amount available to you after taxes.

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You decide to put $12,000 in a money market fund that pays interest at the annual rate of 8.4%, comp...

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