Question: ucation.com Connect - Cod Support Retration Options and Account creation Chapter 5 Homework i Sawid 8 You have your choice of two investment accounts. Investment
ucation.com Connect - Cod Support Retration Options and Account creation Chapter 5 Homework i Sawid 8 You have your choice of two investment accounts. Investment A is a 9-year annuity that features end-of-month $3,200 payments and has an interest rate of 10 percent compounded monthly. Investment B is an annually compounded lump-sum investment with an interest rate of 12 percent, also good for 9 years. 1 points 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? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) eBook Print Present value References
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