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You have your choice of two investment accounts. Investment A is a 14-year annuity that features end-of-month $1,050 payments and has an interest rate of 6.6 percent compounded monthly. Investment B is a 6.1 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 final answer to 2 decimal places. (e.g., 32.16))

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Financial Management, Finance

Category:- Financial Management
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