2,000×((((1+0.08÷4)^(4×15)
−1)÷(0.08÷4))×(1+0.08÷4))
=232,665.14
The formula is
C+ F-P divided by N then the fraction bar F+p divided by 2 that should get your answer
Because they are most likely a professional and have knowledge of the specific activity from either college or doing it Him/Herself what they're doing when it comes to the aspect in which they are teaching training etc.Therefore they charge extra from prior knowledge of the activity.
Answer:
Ans. The after-tax rate of return on the municipal bonds is 3% and the after tax rate of return on the corporate bonds is 4.5%
Explanation:
Hi, the formula to find the after-tax rate of return of any taxable income is as follows.

Therefore, in the case of the municipal bond.

So, the after-tax rate of return of the municipal bond is 3%.
And for the corporate bond is.

And the after-tax rate of return of the corporate bond is 4.5%.
It means that taxes on municipal bonds are:

In the case of municipal taxes:

1% taxes for municipal bonds
In the case of corporate taxes:

1.5% taxes for corporate bonds
Best of luck.