Question
Investment X offers to pay you $6,700 per year for 9 years, whereas Investment Y offers to pay you $9,200 per year for 5 years.
Investment X offers to pay you $6,700 per year for 9 years, whereas Investment Y offers to pay you $9,200 per year for 5 years. If the discount rate is 6 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.)
| Present Value | |
| Investment X | $ |
| Investment Y | $ |
If the discount rate is 22 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.)
| Present Value | |
| Investment X | $ |
| Investment Y | $ |
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School Finance And Business Management Optimizing Fiscal Facility And Human Resources
Authors: Craig A. Schilling, Daniel R. Tomal
2nd Edition
1475844026, 978-1475844023
