Question
Investment X offers to pay you $4,400 per year for nine years, whereas Investment Y offers to pay you $6,500 per year for five years.
Investment X offers to pay you $4,400 per year for nine years, whereas Investment Y offers to pay you $6,500 per year for five years. Calculate the present value for Investments X and Y if the discount rate is 5 percent. (Do not round intermediate calculations and round your final 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 15 percent. (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))
Present value Investment X $ Investment Y $
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