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

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Investment X offers to pay you $4,700 per year for eight years, whereas Investment Y offers to pay you $6,700 per year for five years. Which of these cash flow streams has the higher present value if the discount rate is 5 percent? If the discount rate is 15 percent? Payment for X Number of years for X 4,700 8 $ Payment for Y Number of years for Y 6,700 5 5% Discount rate Discount rate 15% Complete the following analysis. Do pot hard code values in your calculations. All answers should be positive. Value of X at 5% - Volun AFV ot 504 Sheet1

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