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Back to Library QID: #31766

Solution for QID #31766: What lump sum deposited today at 8% compounded quarterly for | StudyHelpMe

Subject: Accounting
Status: Made to Order
What lump sum deposited today at 8% compounded quarterly for 10 years will yield the same final amount as deposits of $7000 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.)
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