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

question 34

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?

• A) $20,000
• B) $13,620
• C) $18,520
• D) $21,600
• E) None of these