12,484.25 is not the right answer.

the last person that answered this gave me the wrong answer.

(Related to Checkpoint 6.6) (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: End of Year 1 2 3 4 5 6 7 8 A $10,000 10,000 10,000 10,000 10,000 Investment Alternatives B $10,000 10,000 10,000 10,000 C $10,000 50,000 (... a. What is the present value of investment A at an annual discount rate of 20 percent? $29906.12 (Round to the nearest cent.) b. What is the present value of investment B at an annual discount rate of 20 percent? $ (Round to the nearest cent.) (Related to Checkpoint 6.6) (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: End of Year 1 2 3 4 5 6 7 8 A $10,000 10,000 10,000 10,000 10,000 Investment Alternatives B $10,000 10,000 10,000 10,000 C $10,000 50,000 (... a. What is the present value of investment A at an annual discount rate of 20 percent? $29906.12 (Round to the nearest cent.) b. What is the present value of investment B at an annual discount rate of 20 percent? $ (Round to the nearest cent.)