What lump sum deposited today at 8% compounded quarterly for 10 years will yield the same final amount as deposits of $4000 at the end of each 6

What lump sum deposited today at 8% compounded quarterly for 10 years will yield the same final amount as deposits of $4000 at the end of each 6 month period for 10 years at 4% compounded semiannually?

The value of the lump sum is…. (Round to the nearest cent as needed)

a) Future value of annuity == Annuity*((((1+i)^n)-1)/i) where,97189.479195671 in 0.0220 b)Present value for the above amount in first situationPresent value == Future Value*(1+i)^-nwhere,…