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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 cashflows from these three investments are as? follows:Investment AlternativesEnd of YearABC1?$15,000?$15,0002??15,0003??15,0004??15,0005??15,000?$15,000??6??15,00075,000715,000815,000915,0001015,00015,000Assuming an annual discount rate of 23 ?percent, find thepresent value of each investment.a.??What is the present value of investment A at an annualdiscount rate of 23 percent????(Round to the nearest? cent.)b.??What is the present value of investment B at an annualdiscount rate of23 ?percent????(Round to the nearest? cent.)c.??What is the present value of investment C at an annualdiscount rate of 23 ?percent???(Round to the nearest? cent.)