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SWFT Corp Partner Estates Trusts

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter17: Tax Practice And Ethics

Section: Chapter Questions

Problem 34P

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Financial accounting question

If Mark earns a 5% after-tax rate of return, $25,000 received in
five years is worth how much today?
a. $17,234
b. $19,592
c. $25,000
d. $21,376
e. None of the choices are correct

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2. Catherine receives $12,000 from Linda and repays it by paying $5,000 at the end of 2 years and $10000 at the end of 4 years. Compute the rate of return. (A) 6.9895 (B) 7.9895 (C) 8.9895 (B) (C) (D) (三) (D) 9.9895 (E) None of the above
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