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Mike Derr Company expects to earn 8% per year on an investment that will pay...

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Accounting

Mike Derr Company expects to earn 8% per year on an investment that will pay $606,000 six years from now. (PV of $1, FV of $1, PVA of $1, and FVA of $1)

Note: Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.

Compute the present value of this investment

Future Value Table Factor Present Value
$606,000 x ? ?

Answer & Explanation Solved by verified expert
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