question archive You have invested S$10,000 for 10 years at 12 percent per annum
You have invested S$10,000 for 10 years at 12 percent per annum
Subject:AccountingPrice:2.86 Bought3
You have invested S$10,000 for 10 years at 12 percent per annum. You have to pay tax on the interest income each year. Knowing that the after tax interest rate = (1- tax rate on interest earned) (Interest rate), what is the value of the investment at the end of the tenth year if the tax rate is 15 percent per annum?
