What amount three years ago is equivalent to $5,100 on a date 1.5 years from now if money earns 4% compounded semiannually during the intervening time? (Round your final answer to 2 decimal places.) Equivalent amount $.

What amount three years ago is equivalent to $5,100 on a date 1.5 years from now if money earns 4% compounded semiannually during the intervening time? (Round your final answer to 2 decimal places.) Equivalent amount $.

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 18E

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What amount three years ago is equivalent to $5.100 on a date 1.5 years from now if money earns 4% compounded semiannually
during the intervening time? (Round your final answer to 2 declmal places.)
Equivalent amount
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