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Investment X offers to pay you $4,900 per year for nine years, whereas Investment Y...

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Finance

Investment X offers to pay you $4,900 per year for nine years, whereas Investment Y offers to pay you $6,500 per year for six years. (Use a Financial calculator to arrive at the answers. Round "PV Factor" to 3 decimal places. Round the final answers to 2 decimal places.)

Calculate the present value for Investment X and Y if the discount rate is 4%.

Present value
Investment X $
Investment Y $

Calculate the present value for Investment X and Y if the discount rate is 14%.

Present value
Investment X $
Investment Y $

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