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Determine the principle that will accumulate to $2387.18 from September 1, 2020 to March 1, 2024, at 5% p.a. compounded semi-annually. a. $2005.50 b. $1008.75

Determine the principle that will accumulate to $2387.18 from September 1, 2020 to March 1, 2024, at 5% p.a. compounded semi-annually.


 a. $2005.50 b. $1008.75 c. $2008.25 d. $8002.

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