Question: Problem 6-49 Comparing Cash Flow Streams [LO1] You have your choice of two investment accounts. Investment A is a 14-year annuity that features end-of-month $1,550

Problem 6-49 Comparing Cash Flow Streams [LO1] You have your choice

Problem 6-49 Comparing Cash Flow Streams [LO1] You have your choice of two investment accounts. Investment A is a 14-year annuity that features end-of-month $1,550 payments and has an APR of 7.6 percent compounded monthly. Investment B is a 7.1 percent continuously compounded lump sum investment, also good for 14 years. How much money would you need to invest in Investment B today for it to be worth as much as Investment A 14 years from now? (Do not round intermediate calculations and round your answer to 2 decimat places, e.g., 32.16.)

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