Answered: What principal deposited 3 years ago…

What principal deposited 3 years ago will grow to $40,463.09 in 2 years and 8 months from now if money grows at 2.34% compounded semi-annually? i need present vlaue and N for this.

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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What principal deposited 3 years ago will grow to $40,463.09 in 2 years and 8 months from now if money grows at 2.34% compounded semi-annually?

i need

present vlaue and N for this.

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