Question: Use these assumptions. Inflation is 5 % . The Rod Serling bank pays 4 . 5 % interest on checking compounded monthly, and 6 %

Use these assumptions. Inflation is 5%. The Rod Serling bank pays 4.5% interest on checking compounded monthly, and 6% interest on savings compounded annually. You are in the 22% marginal tax bracket.
A) What is the APY for checking accounts at the Rod Serling bank?
B) What is the RAPY for savings accounts at the Rod Serling bank?
C) What is the after-tax rate of return for savings at the Rod Serling bank?
D) What would be the after-tax RAPY for checking at the Rod Serling bank?

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