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Investment X offers to pay you $4,020 per year for 20 years, whereas Investment Y offers to pay you $7,959 per year for 2 years.

Investment X offers to pay you $4,020 per year for 20 years, whereas Investment Y offers to pay you $7,959 per year for 2 years. Both investments have a discount rate of 4.8%. Calculate the present value for Investment X.

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