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.
5%
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P 100001037965804 10379658 or 10379658 A lump sum de...View the full answer
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