Question: Please make sure the answer is correct and explain how you got it, thanks! You have your choice of two investment accounts investment A is

Please make sure the answer is correct and explain how you got it, thanks!

You have your choice of two investment accounts investment A is a 7year annuity that features end-of-month $2,500 payments and has an APR of 8 percent compounded monthly Investment B is an annually compounded lump-5Um imvestment with an APR of 10 percent, also good for 7 years. How much money would you need to invest in B today for it to be worth as much as investment A7 years from now? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.9. 32.16

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