Answer:
P 34,560.00
Step-by-step explanation:
The relationship between the amount invested today(present value) and the expected future value amount can be shown in the formula provided below:
FV=PV*(1+r)^n
FV=expected future amount=the unknown
PV=amount invested today= P20,000.00
r=rate of return=20%
n=investment time horizon=3 years
FV=20000*(1+20%)^3
PV=20000*(1.20)^3
PV=20000*1.728
PV=P 34,560.00
