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You are valuing an investment that will pay you $29,000 per year for the first 5 years, $37,000 per year for the next 12 years,

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You are valuing an investment that will pay you $29,000 per year for the first 5 years, $37,000 per year for the next 12 years, and $89,000 per year the following 14 years (all payments are at the end of each year). Another similar risk investment alternative is an account with a quoted annual interest rate of 7.00% with monthly compounding of interest. What is the value in today's dollars of the set of cash flows you have been offered? $507,815.04 $574,842.29 $1,835,000.00 $680,038.43 $557,358.65

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