问题如下：
1. If Vander expects an 8 percent pretax return and capital gains are taxed at 20 percent, what is her accrual equivalent return over that time period?
选项：
A.6.40%.
B.6.78%.
C.4.60%.
解释：
B is correct.
FVcg =€400,000[(1 + r)n(1–tcg) + tcg]
=€400,000[(1 + 0.08)10(1–0.20) + 0.20]
=€770,856
Solving for the rate set equates €770,856 with its present value of €400,000
€770,856 =€400,000(1 + RAE)10
RAE = 0.0678 or 6.78 percent
老师您好，请问如何从题干中得出这道题目应该用deferred capital gain的公式计算？
我在做题过程中，没有看到deferred，于是就按照每年都交cg tax来处理了。。
非常感谢^_^!!
