a. What single investment made today, earning 12% annual interest, will be worth $ 6,000 at the

Question:

a. What single investment made today, earning 12% annual interest, will be worth $ 6,000 at the end of 6 years?
b. What is the present value of $ 6,000 to be received at the end of 6 years if the is 12%?
Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...