An interest rate of 7.5% compounded monthly

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Investment A is a 13 year annuity that features end of month $1500 payments and has an interest rate of 7.5% compounded monthly. INvestment B is a 7 percent continuously compounded lump sum investment also good for 13 years. how much money would you need to invest in B today for it to be worth as much as Investment A at 13 years from now?

Reference no: EM13269737

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