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Investment x offers to pay you $ 4 , 4 0 0 per year for nine years, whereas Investment Y offers to pay you $

Investment x offers to pay you $4,400 per year for nine years, whereas Investment Y
offers to pay you $6,500 per year for five years.
a. Calculate the present value for Investments x and Y if the discount rate is 5 percent.
(Do not round intermediate calculations and round your answers to 2 decin
places, e.g.,32.16.)
b. Calculate the present value for Investments x and Y if the discount rate is 15 percent
(Do not round intermediate calculations and round your answers to 2 decimal
places, e.g.,32.16.)
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