Question: What sum deposited today at 9% compounded annually for 16 years will provide the same amount as $1200 deposited at the end of each year

What sum deposited today at 9% compounded annually for 16 years will provide the same amount as $1200 deposited at the end of each year for 16 years at 5% compounded annually? What sum would have to be deposited today at 9% interest compounded annually? $ (Round to the nearest cent.)

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