The following table lists the lump sum payout the timing of


The following table lists the lump sum payout, the timing of that payout, and discount rate associated with five different investments. Calculate the present value of each investment.

Investment                     Future Sum             Discount rate             Payout at End of Year

A                                      $7,000                      7%                                  4

B                                        $28,000                  3%                                  20

C                                       $10,000                    9%                                 12

D                                       $150,000                  6%                                 6

E                                       45,000                       15%                               8

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Basic Computer Science: The following table lists the lump sum payout the timing of
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