Multiple Choice
If Nicolai earns an 7 percent after-tax rate of return, $16,000 today would be worth how much to Nicolai in five years? Use future value of $1. (Round discount factor(s) to four decimal places.)
A) $16,000
B) $11,416
C) $14,954
D) $17,120
E) None of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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