(Present

value of an uneven stream of

payments)

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	$	1 comma 0001,000		$	3 comma 0003,000	$	6 comma 0006,000
2		2 comma 0002,000			3 comma 0003,000		6 comma 0006,000
3		3 comma 0003,000			3 comma 0003,000		( 6 comma 000 )(6,000)
4		( 4 comma 000 )(4,000)			3 comma 0003,000		( 6 comma 000 )(6,000)
5		4 comma 0004,000			7 comma 0007,000		16 comma 00016,000

What is the present value of each of these three investments if the appropriate discount rate is

1111

percent?

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

1111

percent?

$nothing

(Round to the nearest cent.)