If Lucy Earns a 6% After-Tax Rate of Return, $8,000

question 53

Multiple Choice

If Lucy earns a 6% after-tax rate of return, $8,000 received in four years is worth how much today?

• A) $8,000
• B) $7,544
• C) $8,989
• D) $6,336
• E) None of these

---

Definitions:

Financial

Pertaining to the management of money, assets, or investments by individuals, organizations, or governments.

Strategic

Pertaining to the identification of long-term or overall aims and interests and the means of achieving them through careful planning and allocation of resources.

Financial

Pertaining to the management, creation, and study of money, banking, credit, investments, assets, and liabilities.

Strategic

Pertaining to the identification of long-term or overall aims and interests and the means of achieving them, often within a business or organizational context.