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 Future value of $1.(Round present and future value factor(s) to 5 decimal places.)
A) $20,000.
B) $13,620.
C) $18,520.
D) $21,600.
E) None of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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