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How do compute the present value of the investment

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Mike Derr Company expects to earn 10% per year on an investment that will pay $606,000 five 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 "Table Factor" to 4 decimal places.)

Problem 1: Compute the present value of this investment.

Future Value X Table Factor = Present Value

Reference no: EM132664726

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