(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	$	3,000		$	3,000	$	5,000
2		4,000			3,000		5,000
3		5,000			3,000		(5,000)
4		(6,000)			3,000		(5,000)
5		6,000			7,000		15,000

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

11

percent?

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

11

percent?

$nothing

(Round to the nearest cent.)