Question: Problem 5.2 Present Value and Multiple Cash Flows [LO 1] Investment X offers to pay you $6,700 per year for 9 years, whereas Investment Y

 Problem 5.2 Present Value and Multiple Cash Flows [LO 1] Investment

Problem 5.2 Present Value and Multiple Cash Flows [LO 1] Investment X offers to pay you $6,700 per year for 9 years, whereas Investment Y offers to pay you $9,200 per year for 5 years If the discount rate is 6 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) If the discount rate is 22 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

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