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End of Year A B C 1 $11,000 $16,000 2 11,000 3 11,000 4 11,000 5 11,000 $11,000 6 11,000 $48,000 7 11,000 8 11,000
End of Year A B C 1 $11,000 $16,000 2 11,000 3 11,000 4 11,000 5 11,000 $11,000 6 11,000 $48,000 7 11,000 8 11,000 9 11,000 10 11,000 16,000
a. What is the present value of investment A at an annual discount rate of 23 percent?
b. What is the present value of investment B at an annual discount rate of 23 percent?
c. What is the present value of investment C at an annual discount rate of 23%? Round to nearest cent.
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