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If Joel Earns a 10% After-Tax Rate of Return,$10,000 Received

Question 55

Multiple Choice

If Joel earns a 10% after-tax rate of return,$10,000 received in two years is worth how much today? Use Exhibit 3.1 in the text.(Round present and future value amounts to 3 places)


A) $10,000.
B) $9,090.
C) $8,260.
D) $11,000.
E) None of the choices are correct.

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