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