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nvestment X offers to pay you $ 4 , 8 0 0 per year for nine years, whereas Investment Y offers to pay you $

nvestment X offers to pay you $ $4, 800$ per year for nine years, whereas Investment Y offers to pay you $ $5, 480$ per year for five years. If the discount rate is $6$ percent, by how much is the present value of X higher than that of Y $?$

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