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Please show all steps and double check your answer. Thank you. Question 1 1 pts Investment X offers to pay you $3438 per year for

Please show all steps and double check your answer. Thank you.

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Question 1 1 pts Investment X offers to pay you $3438 per year for 11 years, whereas Investment Y offers to pay you $6478 per year for 6 years. What is the dollar difference (higher minus lower) in the present values of these two cash flow streams if the discount rate is 7.16 percent? Answer to two decimals

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