Find the lump sum deposited today that will yield the same total amount as payments of $10,000

Question:

Find the lump sum deposited today that will yield the same total amount as payments of $10,000 at the end of each year for 15 years, at the following interest rates. Interest is compounded annually.

8%

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: