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You have your choice of two investment accounts. Investment A is a six-year annuity that features end-of-month $2,380 in payments and has an APR of
You have your choice of two investment accounts. Investment A is a six-year annuity that features end-of-month $2,380 in payments and has an APR of 10% compounded monthly. Investment B is an annually compounded lump-sum investment with an APR of 12%, also good for six years. How much money would you need to invest in B today for it to be worth as much as investment A six years from now?
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The Handbook Of Traditional And Alternative Investment Vehicles Investment Characteristics And Strategies
Authors: Mark J. P. Anson, Frank J. Fabozzi, Frank J. Jones
1st Edition
0470609737, 978-0470609736
