A yearly payment of 75 is made at the end of each year for


A yearly payment of $75 is made at the end of each year for 20 years, compounded annually at a rate of 3%. What amount should be deposited in the same account today in a lump sum in order to achieve the same resulting amount?

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Financial Accounting: A yearly payment of 75 is made at the end of each year for
Reference No:- TGS01690515

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