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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 cas three investments are

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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 cas three investments are as follows: Investment Alternatives B $ 17,000 End of Year 1 2 3 4 5 6 7 B $ 17,000 17,000 17.000 17.000 17.000 $17.000 17,000 17,000 17,000 85,000 What is the present value of investment A at an annual discount rate of 18 percent? (Round to the nearest cont.)

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