Tim and his spouse, Judy, both age 43, recently received an inheritance of $100,000. They...
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Tim and his spouse, Judy, both age 43, recently received an inheritance of $100,000. They would like to invest the inheritance and use it to supplement their retirement income in 15 years. Tim and Judy are currently in a 25% marginal income tax bracket and for planning purposes wish to assume the same marginal rate throughout retirement. Tim is an engineer who would like to run some sample calculations. He has asked you to run these calculations exactly as he has prescribed. If the investment is liquidated and taken as a lump-sum on their retirement date, which of the following investment alternatives produces the highest after-tax amount
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