(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 Alternatives
End of Year	A		B		C
1	$	19,000			$	19,000
2		19,000
3		19,000
4		19,000
5		19,000	$	19,000
6				19,000		95,000
7				19,000
8				19,000
9				19,000
10				19,000		19,000

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

17

percent?

$nothing

(Round to the nearest cent.)

b.What is the present value of investment B at an annual discount rate of

17

percent?

$nothing

(Round to the nearest cent.)

c.What is the present value of investment C at an annual discount rate of

17

percent?

$nothing

(Round to the nearest cent.)