Question: Could someone please explain how to do this using the correct formulas and without excel? You have your choice of two investment accounts. Investment A

Could someone please explain how to do this using the correct formulas and without excel?

You have your choice of two investment accounts. Investment A is a 13-year annuity that features end-of-month $1,600 payments and has an APR of 7.8 percent 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 Investment B today for it to be worth as much as Investment A 13 years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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