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Messi Company is considering an investment that will return a lump sum of $820,000 7...

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Accounting

Messi Company is considering an investment that will return a lump sum of $820,000 7 years from now. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Messi Company pay for this investment to earn an 7% return? (Round answer to 2 decimal places, e.g. 25.25.)

Messi Company should pay

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