You've been offered an investment opportunity that will pay you $10,000 in three years. It is somewhat risky, so you would only take on this investment if you earned a 20% annual return with annual compounding. What is the most that you would pay for this investment today?

1. are you trying to find a PV or FV?
2. show your calculations using the formula
3. show your calculations using the keystrokes for your financial calculator (state which financial calculator you are using)
4. what would your answer be if you required monthly compounding and why is there a difference?