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You have two investment accounts. Account M will pay you $1800 per month at an APR of 7%, compounded monthly, for 12 years. Account L
You have two investment accounts. Account M will pay you $1800 per month at an APR of 7%, compounded monthly, for 12 years. Account L will pay you the same amount that Account M would be worth in 12 years, but in a single amount, at the end of the 12 years. How much would you have to invest today in Account L to earn a rate of 9%, compounded annually? ESSENTIAL show the cashflow diagram and provide N= I= PV= FV= PMT=
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