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Show Formula Investment X offers to pay you $4,700 per year for eight years, whereas Investment Y offers to pay you $6,700 per year for

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Show Formula

Investment X offers to pay you $4,700 per year for eight years, whereas Investment Y offers to pay you $6,700 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? Payment for X Number of years for X 4,700 Payment for Y Number of years for Y 6,700 Discount rate Discount rate 5% 15% Complete the following analysis. Do not hard code values in your calculations. All answers should be positive Value of X at 5% Value of Y at 5%

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