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What sum deposited today at 5% compounded annually for 10 years will provide the same amount as $2200 deposited at the end of each year
What sum deposited today at 5% compounded annually for 10 years will provide the same amount as $2200 deposited at the end of each year for 10 years at 7% compounded annually? What sum would have to be deposited today at 5% interest compounded annually?
(Round to the nearest cent.)
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