Question: help me solve this question Ben has $5,000 in his savings account and the bank pays an interest rate of 11 percent a year. The
Ben has $5,000 in his savings account and the bank pays an interest rate of 11 percent a year. The inflation rate is 7 percent a year. The government taxes the interest that Ben earns on his deposit at 25 percent Calculate the nominal after-tax interest rate and the real after-tax interest rate that Ben earns. >>> Answer to 1 decimal place. >>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign The nominal after-tax interest rate is percent a year. w
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