Can you have two investment accounts
Asked by maham237 @ in Business viewed by 292 People
" You have your choice of two investment accounts. Investment A is a 13-year annuity that features end-of-month $1,100 payments and has an interest rate of 7.5 percent compounded monthly. Investment B is a 7 percent continuously compounded lump sum investment, also good for 13 years. How much money would you need to invest in B today for it to be worth as much as Investment A 13 years from now?" Excerpt From: Ross, Stephen. "Fundamentals of Corporate Finance, 11th Edition." Apple Books.