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What lump sum deposited today at 8% c ompounded quarterly for 5 years will yield the same final amount as deposits of $ 3000 at
What lump sum deposited today at 8% compounded quarterly for 5years will yield the same final amount as deposits of $3000at the end of each6-month period for 5years at 6%compoundedsemiannually?
The value of the lump sum is $. (Round to the nearest cent asneeded.)
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