Multiple Choice
If Lucy earns a 6% after-tax rate of return,$8,000 received in four years is worth how much today? Use Exhibit 3.1 in the text.(Round present and future value amounts to 3 places)
A) $8,000.
B) $7,544.
C) $8,989.
D) $6,336.
E) None of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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