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Investment X offers to pay you $9,125 per year for 2 years at a discount rate of 4.5%, Investment Y offers to pay you $5,951

Investment X offers to pay you $9,125 per year for 2 years at a discount rate of 4.5%, Investment Y offers to pay you $5,951 per year for 3 years at a discount rate of 3%. Investment Z offers to pay you $4,310 per year for 4 years at a discount rate of 2%. Which of these cash flow streams has the higher present value?

elect one:

a.Theyre all the same

b.Investment X

c.Investment Z

d.Investment Y

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