Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If Nicolai earns an 9 percent after-tax rate of return $6,500 today would be worth how much to Nicolai in five years? Use future value

image text in transcribed
image text in transcribed
image text in transcribed
If Nicolai earns an 9 percent after-tax rate of return $6,500 today would be worth how much to Nicolai in five years? Use future value of $1. (Round discount factor(s) to four decimal places.) Multiple Choice $7,085 $6,500 $4,233 None of the choices are correct. $5,964 FUTURE VALUE OF $1 8% Rate per annum Year 1% 2% 3% 4% 5% 6% 7% 9% 10% 11% 12% 1 1.0100 1.0200 1.0300 1.040 1.0500 1.0600 1.0700 1.0800 1.0900 1.1000 1.1100 1.1200 2 2.0100 1.0404 1.0609 1.0816 1.1025 1.1236 1.1449 1.1664 1.1881 1.2100 1.2321 1.2544 3 3.0100 1.0612 1.0927 1.1249 1.1576 1.1910 1.2250 1.2597 1.2950 1.3310 1.3676 1.4049 4 4.0100 1.0824 1.1255 1.1699 1.2155 1.2625 1.3108 1.3605 1.4116 1.4641 1.5181 1.5735 5 5.0100 1.1041 1.1593 1.2167 1.2763 1.3382 1.4026 1.4693 1.53861.6105 1.6851 1.7623 6 6.0100 1.1262 1.1941 1.2653 1.3401 1.4185 1.5007 1.5869 1.6771 1.7716 1.8704 1.9738 7 7.0100 1.1487 1.2299 1.3159 1.4071 1.5036 1.6058 1.7138 1.8280 1.9487 2.0762 2.2107 8 8.0100 1.1717 1.2668 1.3686 1.4775 1.5938 1.7182 1.8509 1.9926 2.1436 2.3045 2.4760 9 9.0100 1.1951 1.3048 1.4233 1.5513 1.6895 1.8385 1.9990 2.1719 2.3579 2.5580 2.7731 10 10.0100 1.21901.3439 1.4802 1.6289 1.7908 1.9672 2.1589 2.3674 2.5937 2.8394 3.1058 11 11.0100 1.2434 1.3842 1.5395 1.7103 1.8983 2.1049 2.3316 2.5804 2.8531 3.1518 3.4785 12 12.0100 1.2682 1.4258 1.6010 1.7959 2.0122 2.2522 2.5182 2.8127 3.1384 3.4985 3.8960 13 13.0100 1.2936 1.4685 1.66511.8856 2.1329 2.4098 2.7196 3.0658 3.4523 3.8833 4.3635 14 14.0100 1.3195 1.5126 1.7317 1.9799 2.26092.5785 2.9372 3.3417 3.7975 4.3104 4.8871 15 15.0100 1.3459 1.5580 1.8009 2.0789 2.3966 2.7590 3.1722 3.6425 4.1772 4.7846 5.4736 16 16.0100 1.3728 1.60471.8730 2.1829 2.5404 2.9522 3.4259 3.97034.5950 5.3109 6.1304 17 17.0100 1.4002 1.6528 1.9479 2.2920 2.6928 3.1588 3.7000 4.3276 5.0545 5.8951 6.8660 18 18.0100 1.4282 1.7024 2.0258 2.4066 2.8543 3.3799 3.9960 4.7171 5.5599 6.5436 7.6900 19 19.0100 1.4568 1.7535 2.1068 2.5270 3.0256 3.6165 4.3157 5.14176.1159 7.2633 8.6128 20 20.0100 1.4859 1.8061 2.1911 2.6533 3.2071 3.8697 4.6610 5.6044 6.7275 8.0623 9.6463

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Market Contact Audit

Authors: Gerardus Blokdyk

2nd Edition

0655179771, 978-0655179771

More Books

Students also viewed these Accounting questions

Question

1* x +x2 Contents Highlights Answered: 1 week ago

Answered: 1 week ago

Question

Does it avoid use of underlining?

Answered: 1 week ago