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If Joel earns a 12% after-tax rate of return, $11,000 received in two years is worth how much today? Use Exhibit 3.1. (Round present and

If Joel earns a 12% after-tax rate of return, $11,000 received in two years is worth how much today? Use Exhibit 3.1. (Round present and future value factor(s) to 3 decimal places.)

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