Explain the difference between real and personal property, Microeconomics

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Explain the difference between real and personal property

Problem

1. Explain the difference between real and personal property.

2. Suppose that you invest $200 per month (before taxes) for 30 years (360 payments) and the annual interest rate (APR) is 8%, compounded monthly. If your income tax bracket is 28%, what lump sum, after-tax distribution can be taken at the end of 30 years?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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