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...










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?





Jun 07, 2022
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