Question: What sum deposited today at 7% compounded annually for 18 years will provide the same amount as $2000 deposited at the end of each year

What sum deposited today at 7% compounded annually for 18 years will provide the same amount as $2000 deposited at the end of each year for 18 years at 6% compounded annually? What sum would have to be deposited today at 7% interest compounded annually? (Round to the nearest cent.)

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