How much money would need to invest in b today

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You have your choice of two investment accounts. Investment AB  is a 14-year annuity that features end-of-month $1,550 payments and has an interest rate of 8.8 percent compounded monthly. Investment is an 8.3 percent continuously compounded lump-sum investment, also good for 14 years.

Problem 1: 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?

Reference no: EM133009520

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