How much money would be needed to invest in b today

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Reference no: EM13334117

You have your choice of two investment accounts. Investment A is a 6-year annuity that features end-of-month $3,000 payments and has an interest rate of 8 percent compounded monthly. Investment B is an annually compounded lump-sum investment with an interest rate of 10 percent, also good for 6 years.

How much money would you need to invest in B today for it to be worth as much as Investment A 6 years from now?

Reference no: EM13334117

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