Business, 04.12.2019 21:31 nolangriffin

You have your choice of two investment accounts. investment a is a 10-year annuity that features end-of-month $2,700 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 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?

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You have your choice of two investment accounts. investment a is a 10-year annuity that features end...