(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:

Investment
End of Year	A		B		C
1	$	14,000			$	19,000
2		14,000
3		14,000
4		14,000
5		14,000	$	14,000
6				14,000		57,000
7				14,000
8				14,000
9				14,000
10				14,000		19,000

(Click

on the icon

in order to copy its contents into a

spreadsheet.)

Assuming an annual discount rate of

17

percent, find the present value of each investment.

Question content area bottom

Part 1

(Click on the icon in order to copy its contents into a spreadsheet.) Assuming an annual discount rate of 17 percent, find the present value of each investment.