Problem $6-2$ Present Value and Multiple Cash Flows $($LO$1)($calculator version$)$

Investment $x$ offers to pay you $$5,600$ per year for nine years, whereas Investment $Y$ offers to pay you $$7,700$ per year for six years. $($Use a Financial calculator to arrive at the answers. Round $"$PV Factor" to $3$ decimal places. Round the final answers to $2$ decimal places.$)$

Calculate the present value for Investments $x$ and $Y$ if the discount rate is $4\%.$

$\backslash$table$[[$Investment $x,$Present value$],[$Investment $Y,$$