Find the lump sum deposited today that will yield the same total amount as payments of $19,000 at the end of each year for 15 years, at an interest rate of 9% compounded annually.
The lump sum is __ (Round to the nearest cent.)

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21-06-2024
Mathematics

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Find the lump sum deposited today that will yield the same total amount as payments of $19,000 at the end of each year for 15 years, at an interest rate of 9% compounded annually.
The lump sum is __ (Round to the nearest cent.)

Sagot :

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