a. What is the present value of investment A at an annual discount rate of...
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a. What is the present value of investment A at an annual discount rate of 18 percent? (Round to the nearest cent)
b. What is the present value of investment B at an annual discount rate of 18 percent? (Round to the nearest cent)
c. What is the present value of investment C at an annual discount rate of 18 percent? (Round to the nearest cent)
(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 End of Year 13,000 13,000 13,000 13,000 13,000 $18,000 4 13,000 13,000 13,000 13,000 54,000
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