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You have your choice of two investment accounts. Investment A is a 7-year annuity that features end-of- month $3,000 payments and has an interest rate

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You have your choice of two investment accounts. Investment A is a 7-year annuity that features end-of- month $3,000 payments and has an interest rate of 8 percent compounded monthly. Investment B is a 10 percent annually compounded lump-sum investment, also good for 7 years. Required: How much money would you need to invest in B today for it to be worth as much as Investment A 7 years from now? (Do not include the doller sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Present value

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