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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? Year 1 2 3
Which of the following investments has a higher present value, assuming the same strictly positive) interest rate applies to both investments? Year 1 2 3 4 Investment X $5,000 $7,000 $9,000 $11,000 Investment Y $11,000 $9,000 $7,000 $5,000 m que O A. Investment Y has a higher present value B. Investment X has a higher present value. OC. Investment X and Investment Y have the same present value, since the total of the cash flows is the same for both OD. No comparison can be made-we need to know the interest rate to calculate the present value Tex ns Click to select your answer. Desktop Se ha
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