Joe invested $1,000 five years ago. Today he sold for $6,000. Assume the annual inflation rate for the past 5 years has

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answerhappygod
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Joe invested $1,000 five years ago. Today he sold for $6,000. Assume the annual inflation rate for the past 5 years has

Post by answerhappygod »

Joe invested $1,000 five years ago. Today he sold for $6,000.
Assume the annual inflation rate for the past 5 years has been at
4% and the net capital gains tax rate is 15%.
What is the after-tax real percent interest rate for this
investment?
Give rate of return in percent to 3 decimal places like 21.464% or
9.127%
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