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

Question 76

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? (round present and future value amounts to 3 places)


A) $20,000.
B) $13,620.
C) $18,520.
D) $21,600.
E) None of these.

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