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you have a choice of two investment accounts. INvestment A is a 7-year annunity this features end-of-month $3300 payments and has an interest rate of
you have a choice of two investment accounts. INvestment A is a 7-year annunity this features end-of-month $3300 payments and has an interest rate of 7 percent compounded monthly. Investment B is an annually compounded lump-sim investment with an interest rate of 9 percent, also good for 7 years. How much money would you need to invest in B today for it to be worth as much an investment A 7 years for now?
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