Question: What sum deposited today at 6% compounded annually for 19 years will provide the same amount as $2100 deposited at the end of each year
What sum deposited today at 6% compounded annually for 19 years will provide the same amount as $2100 deposited at the end of each year for 19 years at 8% compounded annually? What sum would have to be deposted today of 6% interest compounded annually? 5 (Round to the nearest cent)
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