Solution-What lump sum deposited today

What lump sum deposited today

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What lump sum deposited today at 8% compounded quarterly for 5 years will yield the same final amount as deposits of $3000 at the end of each 6-month period for 5 years at 6% compounded semiannually?

The value of the lump sum is $.

Reference no: EM131412151

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What lump sum deposited today

Reference no: EM131412151

Reference no: EM131412151

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