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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 $5000 at the end
What lump sum deposited today at 12% compounded quarterly for 5 years will yield the same final amount as deposits of $5000 at the end of each 6-month period for 5 years at 10% compounded semiannually? The value of the lump sum is $(Round to the nearest cent as needed.)
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