Question
Investment X offers to pay you $6,000 per year for seven years, whereas Investment Y offers to pay you $9,000 per year for four years.
Investment X offers to pay you $6,000 per year for seven years, whereas Investment Y offers to pay you $9,000 per year for four years.(Use a Financial calculator to arrive at the answers. Round "PV Factor" to 3 decimal places. Round the final answers to 2 decimal places.)
- Calculate the present value for Investment X and Y if the discount rate is 6%.
Present valueInvestment X$Investment Y$
- Calculate the present value for Investment X and Y if the discount rate is 16%.
Present valueInvestment X$Investment Y$
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Financial Management Concepts and Applications
Authors: Stephen Foerster
1st edition
013293664X, 978-0132936644
