What amount should be deposited in the same account today
A yearly payment of $1500 is made at the end of each year for 20 years, compounded annually at a rate of 3%. What amount should be deposited in the same account today in a lump sum in order to achieve the same resulting amount?
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a yearly payment of 1500 is made at the end of each year for 20 years compounded annually at a rate of 3 what amount
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