Question
Investment X offers to pay you $4,600 per year for nine years, whereas Investment Y offers to pay you $6,700 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 $6,700 per year for six years. a) calculate the present value for Investment X and Y if the discount rate is 4%. b) calculate the present value for Investment X and Y if the discount rate is 14%.
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Business And Personal Finance
Authors: McGraw-Hill
1st Edition
0078945801, 9780078945809
