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You have your choice of two investment accounts. Investment A is a 9-year annuity that features end-of-month $2,800 payments and has an APR of 7

You have your choice of two investment accounts. Investment A is a 9-year annuity that features end-of-month $2,800 payments and has an APR of 7 percent compounded monthly. Investment B is an annually compounded lump-sum investment with an APR of 9 percent, also good for 9 years. How much money would you need to invest in B today for it to be worth as much as Investment A 9 years from now?

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