Question 1088299

#15: What lump sum deposited today at 12% compounded quarterly for 15 years will yield the same final amount as deposits of $5,000 at the end of each 6-month period for 15 years at 6% compounded semiannually? Round to the nearest cent as needed.
<pre>Correct answer: {{{highlight_green(matrix(1,3, Lump, "sum:", "$40,375.61"))}}}
IGNORE all others who say otherwise!