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Problem 4 - 4 5 Comparing Cash Flow Streams You have your choice of two investment accounts. Investment A is a 1 4 - year
Problem Comparing Cash Flow Streams
You have your choice of two investment accounts. Investment A is a year annuity that features endofmonth $ payments and has an APR of percent compounded monthly. Investment B is a lumpsum investment with an interest rate of percent compounded continuously, also good for years. How much money would you need to invest in Investment B today for it to be worth as much as Investment A years from now? Do not round intermediate calculations and round your answer to decimal places, eg
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