You have your choice of two investment accounts. Investment A is a 14-year annuity that features end-of-month $1,850 payments and has an interest rate of 8.2 percent compounded monthly. Investment B is a 7.7 percent continuously compounded lump sum investment, also good for 14 years.
How much money would you need to invest in B today for it to be worth as much as Investment A 14 years from now? Amount needed: $