Investment X offers to pay you $4,700 per year for nine years, whereas Investment Y offers to pay you $6,800 per year for five years.

Calculate the present value for Investments X and Y if the discount rate is 5 percent

My answers

Invest X- 5,584.52

Invest Y- 7,856.43

Calculate the present value for Investments X and Y if the discount rate is 15 percent.

My answers

X- 12,654.78

Y- 16,573.27