Question
Investment X offers to pay you $4,200 per year for nine years, whereas Investment Y offers to pay you $6,300 per year for five years.
| Investment X offers to pay you $4,200 per year for nine years, whereas Investment Y offers to pay you $6,300 per year for five years. |
| Calculate the present value for Investments X and Y if the discount rate is 6 percent. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) |
| Present value | |
| Investment X | $ |
| Investment Y | $ |
| Calculate the present value for Investments X and Y if the discount rate is 16 percent. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) |
| Present value | |
| Investment X | $ |
| Investment Y | $ |
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Catechism Of Money
Authors: Joseph P. Root
1st Edition
1377114929, 978-1377114927
