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:

First Record Button

A user interface control used in database applications to navigate directly to the first record in a dataset.

TAB Key

A keyboard button used to advance the cursor to the next tab stop, aiding in navigation and data entry.

DOWN ARROW Key

A keyboard key used for navigation, moving the cursor or selection downward in text editors, web browsers, and other applications.

Make A Backup

The act of copying data from a primary location to a secondary location to preserve it in case of data loss or corruption.