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Mike Derr Company expects to earn 10% per year on an investment that will pay $616,000 six years from now. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round PV factor to 4 decimal places.)

Compute the present value of this investment.

Future Valuexp(PV of a Single Amount) =Present Valuex =

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92327903

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