Question 1 explain the difference between real and personal, Ask an Expert

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Question: 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?

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