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(Related to Checkpoint 6.6) (Prasent value of annuities and complex cash flows) You are given three investment alternatives to a these three investments are as

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(Related to Checkpoint 6.6) (Prasent value of annuities and complex cash flows) You are given three investment alternatives to a these three investments are as follows: nalyze. The cash flows fror Investment Alternatives End of Year A $11,000 11,000 11,000 11,000 11,000 11,000 $ 11,000 11,000 1,000 11,000 55,000 a. What is the present value of investment A at an annual discount rate of 23 percent? (Round to the nearest cent.)

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