6. 49.

Comparing cash flow streams [LO 6.1] You have your choice of two investment accounts. Investment A is a 13-year annuity that features end-of-month $1 250 payments and has an interest rate of 7.5 per cent compounded monthly. Investment B is a 7 per cent continuously compounded lump sum investment, also good for 13 years. How much money would you need to invest in Investment B today for it to be worth as much as Investment A 13 years from now?