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(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
(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 123 4 5 6 7 8 9 10 A $ 12,000 12,000 12,000 12,000 12,000 Investment B $ 12,000 12,000 12,000 12,000 C $ 17,000 51,000 12,000 12,000 (Click on the icon in order to copy its contents into a spreadsheet.) Assuming an annual discount rate of 24 percent, find the present value of each investment. 17,000
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