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Investment X offers to pay you $4,700 per year for eight years, whereas Investment Y offers to pay you $6,700 per year for five years.

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Investment X offers to pay you $4,700 per year for eight years, whereas Investment Y offers to pay you $6,700 per year for five years. Which of these cash flow streams has the higher present value if the discount rate is 5 percent? If the discount rate is 15 percent? Complete the following analysis. Do not hard code values in your calculations. All answers should be positive. Complete the following analysis. Do not hard code values in your calculations. All answers should be positive

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