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Posted on May 18, 2024

Investment X offers to pay you $ 6 , 0 0 0 per year for nine years, whereas Investment Y offers to pay you $

Investment X offers to pay you $

6, 000

per year for nine years,

whereas Investment Y offers to pay you $

8, 500

per year for five years.

Which of these cahs flow streams has the higher present value if the discount rate is

9

percent? If the discount rate is

21

percent?

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