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Question What lump sum deposited today at 8% compounded quarterly for 15 years will yield the same final amount as deposits of $4000 at the end of each 6-month period for 15 years at 4% compounded semiannually? The value of the lump sum is?

Question

What lump sum deposited today at 8% compounded quarterly for 15 years will yield the same final amount as deposits

of $4000 at the end of each 6-month period for 15 years at 4% compounded semiannually? The value of the lump sum is?

 
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