What is the lump sum deposited today at 8 compounded qrtly


What is the lump sum deposited today at 8% compounded qrtly for 10 years, will yeild the same amount if $4000 deposit with 6% interest end of 6 months compound simi annual, 10 years. What is the value of the lump sum?

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Financial Management: What is the lump sum deposited today at 8 compounded qrtly
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