What is the present value of 10,000 TL to be received at the end of 3 years if the discount rate is 20 % ?

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

) Explain why the income statement can also be called a profit-and-loss statement. What exactly does the word balance mean in the title of the balance sheet ? Why do we balance the two halves ?