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QUESTION 1 2 Investment x yields a payment of $ 9 0 0 at the end of year 1 , a payment of $

QUESTION 12
" Investment x yields a payment of $900 at the end of year 1, a payment of $5500 at the end of year 2, a payment of $8000 at the end of year 3, and a payment of $10000 at the end of year 4. Investment Y yields a payment of $10000 at the end of year 1, a payment of $8000 at the end of year 2, a payment of $5500 at the end of year 3, and a payment of $900 at the end of year 4. What is the present walue of Investment X if the interest rate is 12%? Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer."
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