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Calculate the present value for Investment X and Y

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Reference no: EM132814404

Question - Investment X offers to pay you $4,200 per year for seven years, whereas Investment Y offers to pay you $6,300 per year for four years.

Calculate the present value for Investment X and Y if the discount rate is 6%.

Calculate the present value for Investment X and Y if the discount rate is 16%.

Erindale Bank offers you a $45,000, five-year term loan at 7.5% annual interest. What will your annual loan payment be?

Reference no: EM132814404

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