Question
Investment X yields a payment of $2500 at the end of year 1, a payment of $9500 at the end of year 2, a payment
Investment X yields a payment of $2500 at the end of year 1, a payment of $9500 at the end of year 2, a payment of $9500 at the end of year 3, and a payment of $50000 at the end of year 4. Investment Y yields a payment of $50000 at the end of year 1, a payment of $9500 at the end of year 2, a payment of $9500 at the end of year 3, and a payment of $2500 at the end of year 4. What is the present value of Investment Y if the interest rate is 3.5%?Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer."
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