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Investment X offers to pay you $8,100 per year for 9 years, whereas Investment Y offers to pay you $11,000 per year for 5 years.
Investment X offers to pay you $8,100 per year for 9 years, whereas Investment Y offers to pay you $11,000 per year for 5 years.
If the discount rate is 8 percent, what is the present value of these cash flows? Investment X present value=??? Investment Y present value=??? If the discount rate is 23 percent, what is the present value of these cash flows? Investment X present value=??? Investment Y present value=???
can you provide the answers not just the chart? thanks!
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