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Investment X offers to pay you $7,300 per year for 9 years, whereas Investment Y offers to pay you $9,800 per year for 5 years.
Investment X offers to pay you $7,300 per year for 9 years, whereas Investment Y offers to pay you $9,800 per year for 5 years. If the discount rate is 5 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 $ 26,813.65 $ 27,474.04 If the discount rate is 23 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 nvestment X Investment Y 51,887.10 $ 42,428.87
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