after tax future value

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mspincus

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I need to know the formula for an after tax future value. If I invest 100 at a 10% annual return and I have to pay 20% in taxes each year for 20 years
 

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If you pay 20% tax on the 10% at year end then effectively you have an 8% return, so just
=100*(1+8%)^20
= 466.1
 
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