What lump sum deposited today at 8% compounded quarterly for 5 years will yield the same final amount as deposits of $6000 at the end of each 6-month period for
5 years at 6% compounded semiannually?
The value of the lump sum is $
What lump sum deposited today at 8% compounded quarterly for 5 years will yield the same final amount as deposits of $6000 at the end of each 6-month period for
5 years at 6% compounded semiannually?
The value of the lump sum is $
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