If Nicolai Earns an 8% After-Tax Rate of Return,$20,000 Today

question 16

Multiple Choice

If Nicolai earns an 8% after-tax rate of return,$20,000 today would be worth how much to Nicolai in 5 years? Use Exhibit 3.1 in the text.(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 choices are correct.

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Definitions:

Plagiarism

The act of copying someone else's work, ideas, or expressions without proper acknowledgment or permission.

Quoting

The act of repeating or copying words from another source, typically with acknowledgment to attribute the original speaker or author.

Paraphrasing

Rewording or rearticulating something written or spoken by someone else.

Summarizing

The act of expressing the main points or essence of a larger document or speech concisely.