Calculate the difference in the current economic values of the following two annuities: #1: Payments of $300 made at the end of every month for the next five years. #2: Payments of $200 made at the end of every month for the next 10 years. Use an interest rate of 14.4% compounded monthly for both annuities.
A) Annuity #1 is worth $398 more than Annuity #2.
B) Annuity #1 is worth $95 more than Annuity #2.
C) The current economic values are within $10 of each other.
D) Annuity #2 is worth $95 more than Annuity #1.
E) Annuity #2 is worth $398 more than Annuity #1.

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The Answer of Calculate the difference in the current economic values of the following two annuities: #1: Payments of $300 made at the end of every month for the next five years. #2: Payments of $200 made at the end of every month for the next 10 years. Use an interest rate of 14.4% compounded monthly for both annuities.
A) Annuity #1 is worth $398 more than Annuity #2.
B) Annuity #1 is worth $95 more than Annuity #2.
C) The current economic values are within $10 of each other.
D) Annuity #2 is worth $95 more than Annuity #1.
E) Annuity #2 is worth $398 more than Annuity #1.

Calculate the Difference in the Current Economic Values of the Following