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4a) Money is invested at 12.30% p.a. compounded quarterly for 22 months. What is the numerical value of CY ? b) What principal value will
4a)
Money is invested at 12.30% p.a. compounded quarterly for 22 months.
What is the numerical value of CY?
b) What principal value will grow to $4334 if invested for 6 years at 7.04% p.a. compounded annually? State your answer in dollars ($) with two decimals.
c)
Money is invested at 3.51% p.a. compounded semi-annually for 5 years and 8 months.
What is the numerical value of n? State your answer with 6 decimals.
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