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1- You invest today 10.000 TL to a 3 month time deposit account for 1 year. Suppose that you will withdraw 5.000 TL after 6
1- You invest today 10.000 TL to a 3 month "time deposit" account for 1 year. Suppose that you will withdraw 5.000 TL after 6 months and continue to reinvest the savings for the remaining 6 months. The gross interest rate is 10% and the tax rate is %15. Calculate the total money you will receive after 1 year? You can use Excel Functions. Do not only write the result, this will not be graded (20 Points)
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