If Scott earns a 12% after-tax rate of return, $15,000 today would be worth how much to Scott in 2 years?

If Scott earns a 12% after-tax rate of return, $15,000 today would be worth how much to Scott in 2 years?

If Scott earns a 12% after-tax rate of return, $15,000 today would be worth how much to Scott in 2 years?


A. $15,000

B. $11,955

C. $18,520

D. $18,816

E. None of these


Answer: D


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