Solve the problem.Which has a lower present value: $50,000 if interest is paid at a rate of 5.58% compounded continuously for 2 years, or $53,000 if interest is paid at a rate of 3.5% compounded continuously for 30 months?

A. $50,000 with interest paid at a rate of 5.58% compounded continuously for 2 years has a lower present value.
B. Both investments have the same present value.
C. $53,000 with interest is paid at a rate of 3.5% compounded continuously for 30 months has a lower present value.


Answer: A

Mathematics

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B.

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