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If Joel Earns a 6 Percent After-Tax Rate of Return

Question 93

Multiple Choice

If Joel earns a 6 percent after-tax rate of return, $26,000 received in two years is worth how much today? Use Exhibit 3.1. (Round discount factor(s) to three decimal places.)


A) $26,000
B) $24,530
C) $23,140
D) $27,560
E) None of the choices are correct.

Correct Answer:

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