Ivanhoe Company is considering an investment that will return a lump sum of $730,000 6 years from now. Click here to vie

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answerhappygod
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Ivanhoe Company is considering an investment that will return a lump sum of $730,000 6 years from now. Click here to vie

Post by answerhappygod »

Ivanhoe Company is considering an investment that will return a
lump sum of $730,000 6 years from now. Click here to view the
factor table. (For calculation purposes, use 5 decimal places as
displayed in the factor table provided.) What amount should Ivanhoe
Company pay for this investment to earn an 12% return? (Round
answer to 2 decimal places, e.g. 25.25.) Ivanhoe Company should
pay
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