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(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

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(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 $ 3,000 4,000 5,000 (6,000) 6,000 $2,000 2,000 2,000 2,000 4,000 $ 5,000 5,000 (5,000) (5,000) 4 15,000 What is the present value of each of these three investments if the appropriate discount rate is 12 percent? a. What is the present value of investment A at an annual discount rate of 12 percent? S(Round to the nearest cent.)

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