Question
Investment X offers to pay you $4,500 per year for 9 years, whereas Investment Y offers to pay you $6,200 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 $6,200 per year for 5 years. If the discount rate is 7 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 21 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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Financial Management For Nurse Managers
Authors: J. Michael Leger
5th Edition
1284230937, 9781284230932
