Question: If the interest rate is 11% compounded annually, what is the value of the following three investments? a. An investment that offers you $170

If the interest rate is 11% compounded annually, what is the value of the following three investments? a. An investment that offers you $170 a year in perpetuity with the payment at the end of each year. (Round your answer to 2 decimal places.) Present value $ 1,545.45 b. A similar investment with the payment at the beginning of each year. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value $ 1,715.45 c. A similar investment with the payment spread evenly over each year. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value

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