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9. (2pts) Investment X offers to pay you $5,300 per year for 8 years, then $2,000 for 2 years. Investment Y offers to pay you

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9. (2pts) Investment X offers to pay you $5,300 per year for 8 years, then $2,000 for 2 years. Investment Y offers to pay you $7,300 for 5 years, then $1,500 for 4 years. Which of these cash flows has the higher present value if you use a 7% interest rate

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