Solve the Problem. -Which Has a Lower Present Value: $30,000 If Interest Is

Multiple Choice

Solve the problem.
-Which has a lower present value: $30,000 if interest is paid at a rate of 5.98% compounded continuously for 5 years, or $33,000 if interest is paid at a rate of 3.3% compounded continuously for 65 months?

A) $33,000 with interest is paid at a rate of 3.3% compounded continuously for 65 months has a lower present value.
B) $30,000 with interest paid at a rate of 5.98% compounded continuously for 5 years has a lower present value.
C) Both investments have the same present value.