Problem 13-15 Discount rate and timing [LO13-1]

a. Fill in the following table from Appendix B.(Round your answers to 3 decimal places.)

	Discount Rate
Years	7%	18%
1
10
20

b. Does the choice between a low or a high discount rate have a greater impact on short-term or long-term cash flows?

• Long-term

• Short-term