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Investment X offers to pay you $ 3 , 0 5 3 per year for 9 years, whereas Investment Y offers to pay you $

Investment X offers to pay you $3,053 per year for 9 years, whereas Investment Y offers to pay you $7,106 per year for 5 years. What is the dollar difference (higher minus lower) in the present values of these two cash flow streams if the discount rate is 5.2 percent? Answer to two decimals.

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