Cullumber Company is considering investing in an annuity contract that will return $26,000 annually at...
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Cullumber Company is considering investing in an annuity contract that will return $26,000 annually at the end of each year for 15 years. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Cullumber Company pay for this investment if it earns an 12% return? (Round answer to 2 decimal places, e.g. 25.25.) Cullumber Company should pay $enter a dollar amount rounded to 2 decimal places
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