If Scott Earns a 12 Percent After-Tax Rate of Return

question 122

Multiple Choice

If Scott earns a 12 percent after-tax rate of return, $15,000 today would be worth how much to Scott in two years? Use future value of $1.(Round discount factor(s) to five decimal places.)

• A)$15,000
• B)$11,955
• C)$18,520
• D)$18,816
• E)None of the choices are correct.

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Definitions:

Special Occasions

Events or moments of particular importance or significance, often marked by celebrations or ceremonies.

Basic Food Group

Categories of food sharing similar nutritional properties, such as grains, vegetables, fruits, dairy, and proteins, essential for a balanced diet.

MyPlate

A visual guide created by the USDA to help Americans understand and follow healthy eating patterns, utilizing a plate divided into portions of fruits, vegetables, grains, proteins, and dairy.

Mediterranean Diet

A dietary pattern traditionally followed in countries bordering the Mediterranean sea, emphasizing fruits, vegetables, whole grains, olive oil, and fish.