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Investment x offers to pay you $ 4 , 2 0 0 per year for eight years, Whereas Investment Y offers to pay you $

Investment x offers to pay you $4,200 per year for eight years, Whereas Investment Y
offers to pay you $6,100 per year for five years. Which of these cash flow streams has the
higher present value if the discount rate is 6 percent? If the discount rate is 16 percent?
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