Choice of two investment accounts

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You have your choice of two investment accounts. Investment A is a 14-year annuity that features end-of-month $2,000 payments and has an interest rate of 8.5 percent compounded monthly. Investment B is a 8.0 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?

Reference no: EM13934642

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