What single amount on April 1, 2012, is equivalent to a series of equal, semiannual cash ows of $2500 that starts with a cash ow on January 1, 2010, and ends with a cash ow on January 1, 2019? The interest rate is 4% and compounding is quarterly.

Based on the cash flow diagram below, what single amount, P, is equal to twenty-five $5000 quarterly deposits made into an account? The account earns 4% compounded continuously