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Investment X offers to pay you $1,445 per year for 19 years, whereas Investment Y offers to pay you $9,701 per year for 2 years.

Investment X offers to pay you $1,445 per year for 19 years, whereas Investment Y offers to pay you $9,701 per year for 2 years. Both investments have a discount rate of 4.4%.

Calculate the present value for Investment Y. (Round answer to 2 decimal places. Do not round intermediate calculations).

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