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

Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter2: Descriptive Statistics
Section: Chapter Questions
Problem 16P: If an asset declines in value from 5,000 to 3,500 over nine years, what is the mean annual growth...
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What single investment made today, earning 10 % annual interest, will be worth 10,000 TL at the end of 3 years ?

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