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Investment X offers to pay you $5,600 per year for nine years, whereas Investment Y offers to pay you $7,700 per year for six years.

Investment X offers to pay you $5,600 per year for nine years, whereas Investment Y offers to pay you $7,700 per year for six years.

Calculate the present value for Investment X and Y if the discount rate is 4 percent. (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))

Present value Investment X $ Investment Y $

Calculate the present value for Investment X and Y if the discount rate is 14 percent. (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))

Present Value Investment X $ Investment Y $

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