Question
Investment X offers to pay you $4,580 per year for nine years, whereas Investment Y offers to pay you $5,310 per year for five years.
Investment X offers to pay you $4,580 per year for nine years, whereas Investment Y offers to pay you $5,310 per year for five years. If the discount rate is 6 percent, by how much is the present value of X higher than that of Y? (Note: Be careful of the sign of the cash flow, and if the present value of X is lower than Y, input your answer as a negative number.)
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Dave Ramseys Complete Guide To Money
Authors: Dave Ramsey
1st Edition
1937077209, 978-1937077204
