Multiple Choice
If Joel earns a 10 percent after-tax rate of return, $10,000 received in two years is worth how much today? Use Exhibit 3.1. (Round discount factor(s) to three decimal places.)
A) $10,000
B) $9,090
C) $8,260
D) $11,000
E) None of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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