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please answer this step by step!! and show work I need help what is the amount needed?? thank you You have your choice of two
please answer this step by step!! and show work
You have your choice of two investment accounts. Investment A is a 14-year annuity that features end-of-month $1,700 payments and has an APR of 7.9 percent compounded monthly. Investment B is a 7.4 percent continuously compounded lump sum investment, also good for 14 years. How much money would you need to invest in Investment B today for it to be worth as much as Investment A 14 years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) I need help
what is the amount needed??
thank you
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