6\ An investment of a certain amount of money was made at an interest rate of 4.75%  per year compounded annually. If the compounded amount after 8 years was OMR  (342093.05). Find the principal amount.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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ISBN:9781337514835
Author:MOYER
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Chapter5: The Time Value Of Money
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6\ An investment of a certain amount of money was made at an interest rate of 4.75% 
per year compounded annually. If the compounded amount after 8 years was OMR 
(342093.05). Find the principal amount.

 

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