Question: What sum deposited today at 7?% compounded annually for 18 years will provide the same amount as $1800 deposited at the end of each year

What sum deposited today at 7?% compounded annually for 18 years will provide the same amount as $1800 deposited at the end of each year for 18 years at 9?% compounded annually?

What sum would have to be deposited today at 7?% interest compounded?annually?

The answer is $ 21,995.24. This is the correct answer, as it shows in the picture. How do you get this answer?? Please show how you got it!

What sum deposited today at 7?% compounded annually for 18 years will

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