Business, 28.05.2021 23:20 Nyasiahenry

Investment X offers to pay you $5,500 per year for nine years, whereas Investment Y offers to pay you $8,000 per year for five years. a. Calculate the present value for Investments X and Y if the discount rate is 5 percent. (Do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.) b. Calculate the present value for Investments X and Y if the discount rate is 15 percent.

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