Question: Problem 5 - 5 1 Comparing Cash Flow Streams [ LO 1 ] You have your choice of two investment accounts. Investment A is a

Problem 5-51 Comparing Cash Flow Streams [LO 1]
You have your choice of two investment accounts. Investment A is a 9-year annuity that features end-of-month $2,800 payments and has an APR of 7 percent compounded monthly. Investment B is an annually compounded lump-sum investment with an APR of 9 percent, also good for 9 years. How much money would you need to invest in B today for it to be worth as much as Investment A 9 years from now?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
Present value
Problem 5-51 Comparing Cash Flow Streams [LO 1] You have your

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