Find out the effective yield on investment


Problem:

Josh earned $120 on $1,500 invested in a high yield money market account. He is taxed at 28% of his earnings.

Required:

Question: What is the effective yield on his investment?

Note: Show supporting computations in good form.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Find out the effective yield on investment
Reference No:- TGS0886124

Expected delivery within 24 Hours