Question: 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

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

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 $2,180 payments and has an APR of 8 percent compounded monthly. Investment B is an annually compounded lump-sum investment with an APR of 10 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. 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 $2,180 payments and has an APR of 8 percent compounded monthly. Investment B is an annually compounded lump-sum investment with an APR of 10 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

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