What amount three years ago is equivalent to $4800 on a date 1_ 1 2 years from now if money earns 3% compounded semiannually during the intervening time

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 3CE
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What amount three years ago is equivalent to $4800 on a date 1_ 1 2 years from now if
money earns 3% compounded semiannually during the intervening time? 

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