$($Related to Checkpoint $6\mathrm{.}6)$

$($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

End of Year A B C

$1$ $

$18$ comma $00018,000$ $

$18$ comma $00018,000$

$218$ comma $00018,000$

$318$ comma $00018,000$

$418$ comma $00018,000$

$518$ comma $00018,000$ $

$18$ comma $00018,000$

$618$ comma $00018,00090$ comma $00090,000$

$718$ comma $00018,000$

$818$ comma $00018,000$

$918$ comma $00018,000$

$1018$ comma $00018,00018$ comma $00018,000$

$($Click

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in order to copy its contents into a

spreadsheet.$)$

Assuming an annual discount rate of

$2525$

percent, find the present value of each investment.

Question content area bottom

Part $1$

a$.$What is the present value of investment A at an annual discount rate of

$2525$

percent?

$enter your response here$$

$($Round to the nearest cent.$)$