You have your choice of two investment accounts. Investment A is a 14-year annuity that features end-of-month $1,700 payments and has an interest rate of 7.9 percent compounded monthly. Investment B is a 7.4 percent continuously compounded lump sum investment, also good for 14 years.

How much money would you need to invest in B today for it to be worth as much as Investment A 14 years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

You have your choice of two investment accounts. Investment A is a 14-year annuity that features end-of-month $1,700 payments and has an interest rate of 7.9 percent compounded monthly. Investment B is a 7.4 percent continuously compounded lump sum investment, also good for 14 years.

You have your choice of two investment accounts. Investment A is a 14-year annuity that features end-of- month $1,700 payments and has an interest rate of 7.9 percent compounded monthly. Investment B is a 7.4 percent continuously compounded lump sum investment, also good for 14 years. How much money would you need to invest in B today for it to be worth as much as Investment A 14 years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Amount needed