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What sum deposited today at 5% compounded annually for 19 years will provide the same amount as $2100 deposited at the end of each year
What sum deposited today at 5% compounded annually for 19 years will provide the same amount as $2100 deposited at the end of each year for 19 years at 8% compounded annually? What sum would have to be deposited today at 5% interest compounded annually? (Round to the nearest cent.)
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