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You currently have $9,171. You plan on investing it at 14 percent per year until you have $104,027. How long will you wait until you
You currently have $9,171. You plan on investing it at 14 percent per year until you have $104,027. How long will you wait until you achieve this goal? Enter the answer with 2 decimals (e.g. 1.23). Investment X offers to pay you $4,414 per year for 11 years, whereas Investment Y offers to pay you $3,635 per year for 6 years. How much higher is the present value investment X if the discount rate is 3 percent
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