If Joel Earns a 10% After-Tax Rate of Return, $10,000

question 94

Multiple Choice

If Joel earns a 10% after-tax rate of return, $10,000 received in two years is worth how much today? Use Exhibit 3.1. (Round present and future value amounts to 3 places)

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

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