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Investment X offers to pay you $4,700 per year for nine years, whereas Investment Y offers to pay you $6,800 per year for five years.
Calculate the present value for Investments X and Y if the discount rate is 5 percent
My answers
Invest X- 5,584.52
Invest Y- 7,856.43
Calculate the present value for Investments X and Y if the discount rate is 15 percent.
X- 12,654.78
Y- 16,573.27
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