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Investment X offers to pay you $5,200 per year for eight years, whereas Investment Y offers to pay you $7,300 per year for five years.

Investment X offers to pay you $5,200 per year for eight years, whereas Investment Y offers to pay you $7,300 per year for five years. If the discount rate is 4% then what is the difference in the present values between these two investments?

Select one:

A. $3,810.41

B. $4,088.22

C. $2,511.97

D. $4,393.60

E. $4,771.28

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