If Scott earns a 12% after-tax rate of return, $15,000 today would be worth how much to Scott in 2 years? Future value of $1. (Round present and future value factor(s) to 5 decimal places.)
A) $15,000.
B) $11,955.
C) $18,520.
D) $18,816.
E) None of the choices are correct.
Correct Answer:
Verified
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