Question: What sum deposited today at 6% compounded annually for 12 years will provide the same amount as $1300 deposited at the end of each year

What sum deposited today at 6% compounded annually for 12 years will provide the same amount as $1300 deposited at the end of each year for 12 years at 8% compounded annually? 1.What sum would have to be deposited today at 6% interest compounded annually? Round to the nearest cent

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