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QUESTION
What lump sum deposited today at 8% compounded quarterly for 10 years will yield the same final amount as deposits of $4000 at the end of each 6
What lump sum deposited today at 8% compounded quarterly for 10 years will yield the same final amount as deposits of $4000 at the end of each 6 month period for 10 years at 4% compounded semiannually?
The value of the lump sum is.... (Round to the nearest cent as needed)
a) Future value of annuity == Annuity*((((1+i)^n)-1)/i) where,97189.479195671 in 0.0220 b)Present value for the above amount in first situationPresent value == Future Value*(1+i)^-nwhere,...