Question
What lump sum deposited today at 8% compounded quarterly for 15 years will yield the same final amount as deposits of $3000 at the end
What lump sum deposited today at 8% compounded quarterly for 15 years will yield the same final amount as deposits of $3000 at the end of each6-month period for 15 years at 4% compoundedsemiannually?
The value of the lump sum is $
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Focus On Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
5th Edition
0077861744, 978-0077861742
