Calculate the present value for investment x

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Investment X offers to pay you $4,496 per year for 18 years, whereas Investment Y offers to pay you $7,090 per year for 2 years. Both investments have a discount rate of 8.7%.

Calculate the present value for Investment X. (Round answer to 2 decimal places. Do not round intermediate calculations).

Answer = ?

Reference no: EM133120665

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