Business, 03.11.2020 16:20 kaleec

You have your choice of two investment accounts. Investment A is a five-year annuity that features end-of-month $2,500 payments and has an interest rate of 11.5 percent compounded monthly. Investment B is a 10.5 percent continuously compounded lump sum investment, also good for five years. How much would you need to invest in B today for it to be worth as much as investment A five years from now

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You have your choice of two investment accounts. Investment A is a five-year annuity that features e...

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