You have your choice of two investment accounts. Investment A is a 7-year annuity that features end-of-month $3,400 payments and has an interest rate of 6 percent compounded monthly. Investment B is a 8 percent annually compounded lump-sum investment, also good for 7 years.

Required: How much money would you need to invest in B today for it to be worth as much as Investment A 7 years from now?