Question
Investment X offers to pay you $4,500 per year for nine years, whereas Investment Y offers to pay you $7,000 per year for five years.
Investment X offers to pay you $4,500 per year for nine years, whereas Investment Y
offers to pay you $7,000 per year for five years. Which of these cash flow streams has
the higher present value if the discount rate is 5 percent? If the discount rate is 22
percent?[
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Health Care Finance And The Mechanics Of Insurance And Reimbursement
Authors: Michael K. Harrington
2nd Edition
1284169030, 978-1284169034
