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