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LO 1 2 . Present Value and Multiple Cash Flows Investment x offers to pay you $ 5 , 3 0 0 per year for

LO12. Present Value and Multiple Cash Flows Investment x offers to pay you $5,300 per year for eight years, whereas Investment Y offers to pay you $7,300 per year for five years. Which of these cash flow streams has the higher present value if the discount rate is 5 percent? If the discount rate is 15 percent?
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LO13. Future Value and Multiple Cash Flows Christie, Inc., has identified an investment project with the following cash flows. If the discount rate is 6 percent, what is the future value of these cash flows in Year 4? What is the future value at an interest rate of 13 percent? At 27 percent?
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