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What lump sum deposited today at 12% compounded quarterly for 5 years will yield the same final amount as deposits of $7000 at the end
What lump sum deposited today at 12% compounded quarterly for 5 years will yield the same final amount as deposits of $7000 at the end of each6-month period for 5 years at 4% compoundedsemiannually?
The value of the lump sum is ( )?
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