Which of the Following Investments Has a Higher Present Value,assuming

Multiple Choice

Which of the following investments has a higher present value,assuming the same (strictly positive) interest rate applies to both investments?

A) Investment X has a higher present value.
B) Investment Y has a higher present value.
C) Investment X and Investment Y have the same present value, since the total of the cash flows is the same for both.
D) Investment Y has half the present value of Investment X.
E) No comparison can be made - we need to know the interest rate to calculate the present value.