Final answer:
Investment Y offers a higher annual payment, paying $7,300 per year compared to Investment X's $5,300 per year.
Step-by-step explanation:
The question asks us to compare the annual payments offered by two different investments. Investment X offers to pay $5,300 per year for eight years, while Investment Y offers to pay $7,300 per year for five years. To determine which investment offers a higher annual payment, we simply need to compare the amounts offered per year by each investment.
Investment X: $5,300 per year
Investment Y: $7,300 per year
Since $7,300 is greater than $5,300, Investment Y offers a higher annual payment.