Question
What lump sum deposited today at 8% compounded quarterly for 15 years will yield the same final amount as deposits of $7000 at the end
What lump sum deposited today at 8% compounded quarterly for 15 years will yield the same final amount as deposits of $7000 at the end of each 6-month period for 15 years at 8% compounded semiannually?
The value of the lump sum is $_______(round to the nearest cent as needed)
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Entrepreneurial Finance
Authors: Simon Hulme, Chris Drew
1st Edition
1352009811, 978-1352009811
