What lump sum deposited today at 8% compounded quarterly for 15 years will yield the same...

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What lump sum deposited today at 8% compounded quarterly for 15 years will yield the same final amount as deposits of $6000 a

Answer 1

Answer #1

solutions ht The future amount of ordinary annuity A= - oln where t= is years, n=2(semi P=6000, 8=6% =0.06 annually case, I s

Answer 2

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