(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	$	11,000			$	11,000
2		11,000
3		11,000
4		11,000
5		11,000	$	11,000
6				11,000		55,000
7				11,000
8				11,000
9				11,000
10				11,000		11,000

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

24

percent?

$enter your response here

(Round to the nearest cent.)

Part 2

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

24

percent?

$enter your response here

(Round to the nearest cent.)

Part 3

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

24

percent?

$enter your response here

(Round to the nearest cent.)