11a (Present

value of annuities and complex cash

flows)

You are given three investment alternatives to analyze. The cash flows from these three investments are as follows:

Investment
End of Year	A		B		C
1	$	20,000			$	25,000
2		20,000
3		20,000
4		20,000
5		20,000	$	20,000
6				20,000		75,000
7				20,000
8				20,000
9				20,000
10				20,000		25,000

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spreadsheet.)

Assuming an annual discount rate of

24

percent, find the present value of each investment.

Question content area bottom

Part 1

a.What is the present value of investment A at an annual discount rate of

24

percent?

$enter your response here

(Round to the nearest cent.)