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Investment X offers to pay you $3,400 per year for nine years, wheras Investment Y offers to pay you $5,200 per year for fiver years.

Investment X offers to pay you $3,400 per year for nine years, wheras Investment Y offers to pay you $5,200 per year for fiver years. Which of these cash flow streams has the higher present value if the discount rate is 6 percent? If the discount rate is 22 percent?

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