What is the future value of an initial

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Problem - Assume that you are nearing graduation and have applied for a job with a local bank. The bank's evaluation process requires you to take an examination that covers several financial analysis techniques. The first section of the test addresses discounted cash flow analysis. See how you would do by answering the following questions.

(1) What's the future value of an initial $100 after 3 years if it is invested in an account paying 10% annual interest?

(2) What's the present value of $100 to be received in 3 years if the appropriate interest rate is 10%?

Reference no: EM132726680

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