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QUESTION
quarterly for 10years will yield the same final amount as deposits of $4000at the end of each 6-month period for 10years at 8%compounded semiannually?...
What lump sum deposited today at 12% compounded quarterly for 10years will yield the same final amount as deposits of $4000at the end of each 6-month period for 10years at 8%compounded semiannually?
The value of the lump sum is $ . (Round to the nearest cent as needed.)
