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You have your choice of two Investment accounts. Investment A is a 13-year annulty that features end-of-month $1,650 payments and has an APR of 7.8
You have your choice of two Investment accounts. Investment A is a 13-year annulty that features end-of-month $1,650 payments and has an APR of 7.8 percent compounded monthly. Investment B is a 7.3 percent continuously compounded lump sum Investment, also good for 13 years. How much money would you need to invest in Investment B today for it to be worth as much as Investment A 13 years from now? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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