If Joel earns a 10% after-tax rate of return, $10,000 received in two years is worth how much today (rounded)?

If Joel earns a 10% after-tax rate of return, $10,000 received in two years is worth how much today (rounded)?

If Joel earns a 10% after-tax rate of return, $10,000 received in two years is worth how much today (rounded)?


A. $10,000

B. $9,090

C. $8,260

D. $11,000

E. None of these


Answer: C


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