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If Nicolai earns an 8% after-tax rate of return, $16,500 today would be worth how much to Nicolai in 5 years? Future value of $1.

If Nicolai earns an 8% after-tax rate of return, $16,500 today would be worth how much to Nicolai in 5 years? Future value of $1. (Round present and future value factor(s) to 5 decimal places.)

Multiple Choice

$16,500.
$11,238.
$15,279.
$17,820.
None of the choices are correct.

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