Question
Which of the following investments has a higher present value, assuming the same (strictly positive) interest rate applies to both investments? Year Investment X Investment
Which of the following investments has a higher present value, assuming the same (strictly positive) interest rate applies to both investments?
| Year | Investment X | Investment Y |
| 1 | $5,000 | $11,000 |
| 2 | $7,000 | $9,000 |
| 3 | $9,000 | $7,000 |
| 4 | $11,000 | $5,000 |
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The New Market Wizards Conversations With Americas Top Traders
Authors: Jack D. Schwager
1st Edition
0887306675, 978-0887306679
