Investment $x$ offers to pay you $$5,700$ per year for seven years, whereas Investment $Y$ offers to pay you $$8,500$ 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 Investments $x$ and $Y$ if the discount rate is $6\%.$

Calculate the present value for Investments $x$ and $Y$ if the discount rate is $16\%.$