# Determine the yearly payment Investor B has to make in order to have the same present value as

Investor A just

turned 20 years old and currently has no investments. She plans to invest

$5,500 at the end of each eight years, beginning in five years. The rate of

return on her investment is 15 percent, continuously compounded. Investor B is

40 years old and he just started to invest at the beginning of every year an

equal amount of money starting today. He will invest for 10 years. The rate of

return on his investment is 16 percent, compounded quarterly. Determine the

yearly payment Investor B has to make in order to have the same present value

as Investor A.

Level of difficulty: Difficult