You have your choice of two investment accounts. Investment A is a 14-year annuity that features end-of-month $1,050 payments and has a rate of 6.6 percent compounded monthly. Investment B is a lump-sum investment with an interest rate of 6.1 percent compounded continuously, also good for 14 years.
How much money would you need to invest in B today for it to be worth as much as Investment A 14 years from now?
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here