If Nicolai Earns an 8% After-Tax Rate of Return,$20,000 Today

Multiple Choice

If Nicolai earns an 8% after-tax rate of return,$20,000 today would be worth how much to Nicolai in 5 years? Use Exhibit 3.1 in the text.(Round present and future value amounts to 3 places)

A) $20,000.
B) $13,620.
C) $18,520.
D) $21,600.
E) None of the choices are correct.