If Nicolai earns an 8% after-tax rate of return, $20,000 today would be worth how much to
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Question:
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 the above
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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