(Related to Checkpoint 6.6) (Present value of annuities and complex cash flows) You are given...

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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 these three investments are as follows: Investment Alternatives $10,000 End of Year 1 2 3 4 5 6 7 8 9 A $10,000 10,000 10,000 10.000 10,000 50,000 $10,000 10,000 10,000 10,000 10,000 a. What is the present value of investment A at an annual discount rate of 20 percent? (Round to the nearest cent.)

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