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What lump sum deposited today at 8​% compounded quarterly for 5 years will yield the same...

What lump sum deposited today at 8​% compounded quarterly for 5 years will yield the same final amount as deposits of ​$3000 at the end of each​ 6-month period for 5 years at 4​% compounded​ semiannually?

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Answer #1

Please refer to below spreadsheet for calculation and answer. Cell reference also provided.

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