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Investment X offers to pay you $4,800 per year for 9 years, whereas Investment Y offers to pay you $7,200 per year for 5 years.
Investment X offers to pay you $4,800 per year for 9 years, whereas Investment Y offers to pay you $7,200 per year for 5 years. If the discount rate is 4 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Investment X Investment y Present value 35,689.59 $ 32,053.12 If the discount rate is 14 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Investment Investment y Present value $ 23,742.58 $ 24,718.18
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