Find the lump sum deposited today that will yield the same total amount as payments of 11,000

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Find the lump sum deposited today that will yield the same total amount as payments of 11,000 at the end of each year for 13 years, at an interest rate of 4% compounded annually.

Posted Date: Jul 11, 2024 06:04 AM

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Find the lump sum deposited today that will yield the same total amount as payments of 11,000

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