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Investment X offers to pay you $6,000 per year for 10 years, whereas Investment Y offers to pay you $8,000 per year for 7 years.

Investment X offers to pay you $6,000 per year for 10 years, whereas Investment Y offers to pay you $8,000 per year for 7 years. If the discount rate is 5 percent, Investment X has a present value of $, and Investment Y has a present value of $ . If the discount rate is 24 percent, Investment X has a present value of $, and Investment Y has a present value of $ .

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