You have the choice of two investment accountsinvestment a


You have the choice of two investment accounts. Investment A is a 10-year annuity that features end-of-month 1145 payments and has an interest rate of 7 percent compounded monthly. Investment B is an annually compounded lump-sum investment with an interest rate of 9 percent also good for 10 years. How much money would you need to invest in B today for it to be worth as much as investment A 10 years from now? Please include financial calculator inputs if possible.

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Financial Management: You have the choice of two investment accountsinvestment a
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