What single investment made today, earning 10 % annual interest, will be worth 10,000 TL at the end of 3 years?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 27P
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  1. What single investment made today, earning 10 % annual interest, will be worth 10,000 TL at the end of 3 years?
  2. What is the present value of 10,000 TL to be received at the end of 3 years if the discount rate is 20 % ?

 

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