Question
Investment X offers to pay you $4,600 per year for nine years, whereas Investment Y offers to pay you $6,500 per year for six years.
Investment X offers to pay you $4,600 per year for nine years, whereas Investment Y offers to pay you $6,500 per year for six years. (Use a Financial calculator to arrive at the answers. Round "PV Factor" to 3 decimal places. Round the final answers to 2 decimal places.)
Calculate the present value for Investment X and Y if the discount rate is 4%.
| Present value | |
| Investment X | $ |
| Investment Y | $ |
Calculate the present value for Investment X and Y if the discount rate is 14%.
| Present value | |
| Investment X | $ |
| Investment Y | $ |
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Simple Techniques For Managing Your Finances
Authors: Geary Reid
1st Edition
9768305231, 978-9768305237
