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Posted on Oct 07, 2024

Investment X offers to pay you $5,500 per year for 9 years, whereas Investment Y offers to pay you $8,000 per year for 5 years.

a. If the discount rate is 8 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.)

b. If the discount rate is 20 percent, what is the present value of these cash flows? (Do not

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