If Joel Earns a 10 Percent After-Tax Rate of Return

question 96

Multiple Choice

If Joel earns a 10 percent after-tax rate of return, $10,000 received in two years is worth how much today? Use Exhibit 3.1. (Round discount factor(s) to three decimal places.)

• A)$10,000
• B)$9,090
• C)$8,260
• D)$11,000
• E)None of the choices are correct.

---

Definitions:

Brym and Lie

Sociologists known for their contributions to understanding society and its structure, often referenced in the context of introductory sociology textbooks.

Biology

The scientific study of life and living organisms, including their structure, function, growth, origin, evolution, and distribution.

Gender Role

A set of societal norms that dictate the behaviors, activities, and attributes that are considered appropriate for individuals based on their perceived sex or gender.

Male or Female

Terms that describe the biological sex of an individual based on their reproductive anatomy and genetic makeup.