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Investment X offers to pay you $6,100 per year for eight years, whereas Investment Y offers to pay you $8,200 per year for five years.

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Investment X offers to pay you $6,100 per year for eight years, whereas Investment Y offers to pay you $8,200 per year for five years. Calculate the present value for Investment X and Y if the discount rate is 5 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 15 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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