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NovoBioGen Ltd established two university scholarship for students majoring in bioengineering. The scholarships (perpetuities) pay out each $1000 monthly. To cover these payments, NovoBioGen invests

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NovoBioGen Ltd established two university scholarship for students majoring in bioengineering. The scholarships (perpetuities) pay out each $1000 monthly. To cover these payments, NovoBioGen invests in two different accounts. Account A pays at a rate of 3% compounded monthly, while Account B pays at a rate of 5% compounded monthly. Which perpetuity has the greatest present value (amount invested)? Account A>AccountB Account A

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