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Investment X offers to pay you $4,500 per year for seven years, whereas Investment Y offers to pay you $6,600 per year for four

Investment X offers to pay you $4,500 per year for seven years, whereas Investment Y offers to pay you $6,600 per year for four years. (Use a Financial calculator to arrive at the answers. Round "PV Factor" to 3 decimal places. Round the final answers to 2 decimal places.) Calculate the present value for Investment X and Y if the discount rate is 6%. Present value Investment X Investment Y $ 25120.72 $36843.72 Calculate the present value for Investment X and Y if the discount rate is 16%. Present value Investment X Investment Y $ 18173.54 $ 26654.53

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