Multiple Choice
If Lucy earns a 9 percent after-tax rate of return, $8,000 received in four years is worth how much today? Use Exhibit 3.1. (Round discount factor(s) to three decimal places.)
A) $8,000
B) $7,304
C) $9,229
D) $5,664
E) None of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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