Question

What will your investment be worth in 10 years if you invest $15 000 at 12.5%...

What will your investment be worth in 10 years if you invest $15 000 at 12.5% p.a., payable at maturity, and your tax rate (paid annually) is 30 cents in the dollar?

A.

$34 097

B.

$48 710

C.

$32 473

D.

$34 704

0 0
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Answer #1

Worth in 10 years PVx(1+r)An Here, 8.75% 12.5%* (1-30%) A Interest rate per annum BNumber of years cNumber of compoundings pe

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