Question
What lump sum deposited today at 12% compounded quarterly for 10 years will yield the same final amount as deposits of $3000 at the end
What lump sum deposited today at 12% compounded quarterly for 10 years will yield the same final amount as deposits of $3000 at the end of each 6-month period for 10 years at 10% compounded semiannually?
The value of the lump sum is $___
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Finance For Non Financial Managers
Authors: Pierre G. Bergeron
5th Edition
0176104070, 9780176104078
