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Investment X offers to pay you $4,500 per year for 9 years, whereas Investment Y offers to pay you $6,600 per year for 5 years.
Investment X offers to pay you $4,500 per year for 9 years, whereas Investment Y offers to pay you $6,600 per year for 5 years. If the discount rate is 6 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g. 32.16.) Present value Investment X Investment y If the discount rate is 16 percent, what is the present value of these cash flows? (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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