NO.PZ201511200300000704
问题如下：
4. If Motelli’s current investment account of €250,000 is invested in an investment which is expected to earn a return of 7.5 percent, all of which are deferred capital gains, what is his expected after-tax accumulation in 15 years? The account’s market value is equal to its cost basis.
选项：
A.€640,747.
B.€665,747.
C.€690,747.
解释：
C is correct.
The after tax wealth accumulation for deferred capital gains is
FVIFcg = (1 + r)n(1 – tcg ) + tcg
FVIFcg = €250,000 × [(1 + 0.075)15(1 – 0.1) + 0.1] = €690,747
老师您好 这道题我算出了B选项 我是这样算的 250000*1.075 （15次方）*0.9 =B选项。 有点不明白为啥后面加上0.1？就是这个公式， 最后那个加0.1是啥意思？ €250,000 × [(1 + 0.075)15(1 – 0.1) + 0.1] 不好意思老师我有点忘记了翻讲义也没想起来 谢谢
