Though, the question is coming from an income tax accounting course…the question appears to be…
- May 25, 2021/ Finance
I'm having difficulty trying to figure out the equation the achieve the answer to the following:
What if: Assume Bill decides to purchase Intel stock for $50,000 and holds the shares for 5 years. If the Intel stock grows at a constant 8% before-tax rate & does not pay any dividends, how much cash will Bill accumulate after 5 years, assuming a long-term capital gains tax rate of 20%?