If Julius Has a 20% Tax Rate and a 10

question 17

Multiple Choice

If Julius has a 20% tax rate and a 10% after-tax rate of return, $25,000 of income in three years will cost him how much tax in today's dollars? (round present and future value amounts to 3 places)

• A) $3,755.
• B) $18,775.
• C) $5,000.
• D) $25,000.
• E) None of these.

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