Investment x offers to pay you 4500 per year for nine years


Investment X offers to pay you $4,500 per year for nine years, whereas Investment Y offers to pay you $7,000 per year for five years. Which of these cash flow streams has the higher present value if the discount rate is 5 %? If the discount rate is 22 %?

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Finance Basics: Investment x offers to pay you 4500 per year for nine years
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