An investor earns 9.08 percent before tax and is subject to a 10 percent tax on such earnings. Calculate the investor's after-tax rate of return.
Round the answer to two decimals in percentage form.
Please write % sign in the units box.

An investor makes a deductible (before-tax) contribution of $1,165 to a traditional IRA. The IRA contribution grows at an 11.26 percent before-tax rate of return compounded annually for 11 years it is distributed. The distribution is subject to a 22 percent tax. Calculate the dollar amount of IRA distribution the investor is left with after paying taxes.
Round the final answer to two decimal places.

Answer rating: 100% (QA)

1 Investors rate of return before tax 908 Tax rate applicable is 10 The investors after tax ... View the full answer