Question
What lump sum deposited today at 8% compounded quarterly for 15 years will yield the same final amount as deposits of $4000 at the end
What lump sum deposited today at 8% compounded quarterly for 15 years will yield the same final amount as deposits of $4000 at the end of each 6-month period for 15 years at 4% compounded semiannually? The value of the lump sum is?
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International Financial Reporting A Practical Guide
Authors: Alan Melville
6th edition
1292200743, 1292200766, 9781292200767, 978-1292200743
