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investment x offers to pay you $1,000 per year for 20 years, whereas Investment Y offers to pay you $700 per year for 40 years,

investment x offers to pay you $1,000 per year for 20 years, whereas Investment Y offers to pay you $700 per year for 40 years, with payments for both starting one year from today. Both investments cost the same amount today. Which of these two cash flow streams should you prefer if the discount rate is 6 percent?

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