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Investment X offers to pay you $6,812 per year for nine years at a discount rate of 4.5%, Investment Y offers to pay you $2,600

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Investment X offers to pay you $6,812 per year for nine years at a discount rate of 4.5%, Investment Y offers to pay you $2,600 per year for thirteen years at a discount rate of 2.6%. Investment Z offers to pay you $3,500 per year for seventeen years at a discount rate of 2%. Which of these cash flow streams has the higher present value? Select one: a. They're all the same b.Investment z c.Investment y d.Investment X

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