Economy, asked by TbiaSamishta, 1 year ago

You have your choice of two investment accounts. Investment a is a 15 year annuity that features end of month $1200 payments and has an interest rate of 8.5 percent p.A. Compounded monthly. Investment b is an 8 percent continuously compounded lump sum investment, also good for 15 years. How much money would you need to invest in b today for it to be worth as much as investment a 15 years from now ?

Answers

Answered by Sidyandex
0

In an economic intellect, an investment is the procurement of goods that are not consumed in the present day but are used in the upcoming time to create wealth.

In business, an investment is a financial asset purchased with the proposal that the asset will provide income in the upcoming days.

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