NO.PZ201511200300000702
问题如下:
2. If Motelli’s current investment account of € 250,000 is invested in an asset which is expected to earn annual interest of 6.5 percent and no capital gains, what is his expected after tax accumulation in 15 years?
选项:
A.€ 578,664.
B.€ 586,547.
C.€ 642,960.
解释:
B is correct.
The after tax wealth accumulation for annually taxable income is
FVIFi = [1 + r(1–ti)]n
FV =€250,000×FVIFi =€250,000×[1+0.065(1–0.10)]15
= €586,547
虽然是计算15年的累计,但是题目本身并没有说是计算15年后的累计,或者说折现到现在。当然题目是没有给折现率,假如,题目给了折现率,那么如何来确定是计算FV,还是PV?