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Investment X offers to pay you $4,300 per year for nine years,whereas Investment Y offers

Investment X offers to pay you $4,300 per year for nine years,whereas Investment Y offers

Investment X offers to pay you $4,300 per year for nine years,whereas Investment Y offers to pay you $6,400 per year for sixyears.

Calculate the present value for Investment X and Y if thediscount rate is 4 percent. (Do not round intermediate calculationsand round your final answers to 2 decimal places. (e.g.,32.16))

Present value Investment X $________________ Investment Y $_____________________

Calculate the present value for Investment X and Y if thediscount rate is 14 percent. (Do not round intermediatecalculations and round your final answers to 2 decimal places.(e.g., 32.16))

Present value

Investment X $ ________________ Investment Y$_____________________

Abhinav 04-Dec-2019

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