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(Related to Checkpoint 6.6) (Present value of annuities and complex cash flows) You are given three investment alternatives to analyze. The cash flows from the
(Related to Checkpoint 6.6) (Present value of annuities and complex cash flows) You are given three investment alternatives to analyze. The cash flows from the C $ 12,000 Investment Alternatives End of Year B 1 $ 12,000 2 12,000 3 12,000 4 12,000 5 12.000 $ 12.000 6 12,000 12.000 8 12,000 9 12.000 10 12.000 (Click on the icon in order to copy its contents into a spreadsheet) 60,000 12.000 Assuming an annual discount rate of 19 percent, find the present value of each investment. a. What is the present value of investment A at an annual discount rate of 19 percent? (Round to the nearest cent)
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