Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. what is the after-tax return if the interest rate

What is the after-tax return if the interest rate is 3% on a GIC and...

80.2K

Verified Solution

Question

Accounting

What is the after-tax return if the interest rate is 3% on a GIC and you have a MTR of 22.05%?

a) 0.66%

b) 2.21%

c) 2.34%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Show all work to solve 3x 5x 2 0

Algebra
Q

the decomposition of amonia is shown below. if kp is 1.5x103 at 400 C, what is...

Chemistry
Q

Summarize the basic process for valuing assets

Finance
Q

Discuss the formation of shadows from broad and point light sources. (this could be an eclipse). TY!

Physics
Q

A metal bar (23.5 x 10-6oC-1) has a final length of 5.5800 m after its temperature...

Physics
Q

At what point do the curves r1(t) = t, 3 ? t, 35 + t2...

Advance Math
Q

Bill and Janet are a married couple filing jointly in 2018 and have one child, Robert,...

Accounting
Q

A non conducting thin spherical shell of radius R has uniform surface charge density o...

Physics
Q

13 12 11 10 8 7 6 5 4 3 2 1 1 f x...

Geometry
Q

120 B O 112 E A D C N What is the value of z...

Geometry
Q

Required information CP4-4 (Algo) Identifying and Preparing Adjusting Journal Entries [LO 4-1, LO 4-2, LO...

Accounting
Q

1. Sosa Excavating Inc. is purchasing a bulldozer. The equipment has a price of $107,000....

Accounting