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Which of the following investments has a higher present value, assuming the same (strictly positive) interest rate applies to both investments? Investment X has a

image text in transcribed Which of the following investments has a higher present value, assuming the same (strictly positive) interest rate applies to both investments? Investment X has a higher present value. Investment Y has a higher present value. Investment X and Investment Y have the same present value, since the total of the cash flows is the same for both. No comparison

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