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Investment X offers to pay you $4,414 per year for 11 years, whereas Investment Y offers to pay you $3,635 per year for 6 years.

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Investment X offers to pay you $4,414 per year for 11 years, whereas Investment Y offers to pay you $3,635 per year for 6 years. How much higher is the present value investment X if the discount rate is 3 percent

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