0/15 Question 4 of 7 View Policies Show Attempt History Current Attempt in Progress Sunland Company is considering an investment that will return a lump sum of $580,000 5 years from now. What amount should Sunland Company pay for this investment in order to earn a 3% return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, eg. 5,275.25.) Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Amount to pay for this investment $ n e Textbook and Media Save for Later Attempts: 1 of 3 used Submit Answer on (n) periods 1 2 3 4 5 6 7 8 9 10 2% 242% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% 0.98039 0.97561 0.97087 0.96156 0.95238 0.94340 0.93458 0.92593 0.91743 0.90909 0.90090 0.89286 0.86957 0.96117 0.95181 0.94260 0.92456 0.90703 0.89000 0.87344 0.85734 0.84168 0.82645 0.81162 0.79719 0.75614 0.94232 0.92860 0.91514 0.88900 0.86384 0.83962 0.81630 0.79383 0.77218 0.75132 0.73119 0.71178 0.65752 0.92385 0.90595 0.88849 0.85480 0.82270 0.79209 0.76290 0.73503 0.70843 0.68301 0.65873 0.63552 0.57175 0.90583 0.88385 0.86261 0.82193 0.78353 0.74726 0.71299 0.68058 0.64993 0.62092 0.59345 0.56743 0.49718 0.88797 0.86230 0.83748 0.79031 0.74622 0.70496 0.66634 0.63017 0.59627 0.56447 0.53464 0.50663 0.43233 0.87056 0.84127 0.81309 0.75992 0.71068 0.66506 0.62275 0.58349 0.54703 0.51316 0.48166 0.45235 0.37594 0.85349 0.82075 0.78941 0.73069 0.67684 0.62741 0.58201 0.54027 0.50187 0.46651 0.43393 0.40388 0.32690 0.83676 0.80073 0.76642 0.70259 0.64461 0.59190 0.54393 0.50025 0.46043 0.42410 0.39092 0.36061 0.28426 0.82035 0.78120 0.74409 0.67556 0.61391 0.55839 0.50835 0.46319 0.42241 0.38554 0.35218 0.32197 0.24719 0.80426 0.76214 0.72242 2.64958 0.58468 0.52679 0.47509 0.42888 0.38753 0-35049 0.31728 0.28748 0.21494 0.78849 0.74356 0.70138 0.62460 0.55684 0.49697 0.44401 0.39711 0.35554 0.31863 0.28584 0.25668 0.18691 0.77303 0.72542 0.68095 0.60057 0.53032 0.46884 0.41496 0.36770 0.32618 0.28966 0.25751 0.22917 0.16253 0.75788 0.70773 0.66112 0.57748 0.50507 0.44230 0.38782 0.34046 0.29925 0.26333 0.23199 0.20462 0.14133 0.74301 0.69047 0.64186 0.55526 0.48102 0.41727 0.36245 0.31524 0.27454 0.23939 0.20900 0.18270 0.12289 0.72845 0.67362 0.62317 0.53391 0.45811 0.39365 0.33873 0.29189 0.25187 0.21763 0.18829 0.16312 0.10687 0.71416 0.65720 0.60502 0.51337 0.43630 0.37136 0.31657 0.27027 0.23107 0.19785 0.16963 0.14564 0.09293 0.70016 0.64117 0.58739 0.49363 0.41552 0.35034 0.29586 0.25025 0.21199 0.17986 0.15282 0.13004 0.08081 0.68643 0.62553 0.57029 0.47464 0.39573 0.33051 0.27651 0.23171 0.19449 0.16351 0.13768 0.11611 0.07027 0.67297 0.61027 0.55368 0.45639 0.37689 0.31180 0.25842 0.21455 0.17843 0.14864 0.12403 0.10367 0.06110 11 12 13 14 15 16 17 18 19 20 IN periods 1 2 4 5 6 7 8 9 10 12 13 14 15 16 17 18 19 20 2 34 55 6% B% 9 100 115 12N 15% 1.02000 1.02500 1.03000 1.04000 105000 1.06000 1 08000 109000 1. 10000 1.11000 1.04040 105063 1.06090 1.08160 1.10250 1.1 2000 1.15000 1.12360 1 16640 1.18810 1.21000 1 23210 1.25440 132250 1.06121 107689 1.09273 1.12486 1.15763 1.19102 1.25971 1.29503 1.33100 1.36763 1.40493 1.08243 1.10381 1.12551 1.16986 1.21551 1.52088 1.26248 136049 1.41158 1.46410 1.51807 1.57352 1.74901 1.10408 1.13141 1.15927 1.21665 1.27628 1.33823 1.46933 1.5352 1.61051 1.68506 1.76234 2.01136 1 12616 115969 1.19405 1.26532 1.34010 1.41852 1.58687 1.67710 1.77156 1.87041 1.97182 231306 1.14869 1.18869 1.22987 1.31593 1.40710 1.50363 1.71382 1.82804 1.94872 2.07616 2.21068 266002 1.17166 1.21840 126677 136857 1.47746 1.59.385 1.85093 1.99256 2.14359 230454 2475 3.05902 1.19509 1.24856 130477 1.42331 1.55133 1 6948 1.99900 2.17189 235795 2.55803 2.77308 3.51788 1.21899 1.28008 134392 1.48024 1.62889 1.79085 2.15892 236736 259374 283942 3.10585 4,04556 1.24337 1.31209 1.38423 1.53945 1.71034 1.89830 2 33164 2.58043 2.85312 3.15176 3.47855 4,65239 1 26824 134489 1.42576 160103 1.79586 2.01220 2.51817 2.81267 3.13843 3.49845 3.89598 5.35025 1.29361137851 1.46853 166507 188565 2.13293 2.71962 3.06581 3.45227 3.88328 4,36349 6.15279 1.31948 1.41297 1.51259 1.73168 1.97993 226090 2.93719 3 34173 3.79750 4 31044 488711 707571 1 34587 1 44830 1.55797 1.80094 207893 239656 317217 3.64248 4 17725 4.78459 5.47357 813706 1.37279 1.48451 1.60471 1.87298 2.18287 2.54035 3.42594 3.97031 4.59497 531089 6.13039 9.35762 1.40024 152162 165285 1.94790 229202 2.69277 3.70002 4 32763 5.05447 5.89509 6.86604 10.76126 1 42825 1.55966 1.70243 2.02582 2.40662 2.85434 3.99602 471712 5.55992 6.54355 7.68997 12 37545 1.45681 1 59865 1.75351 2 10685 2.52695 3.02560 4.31570 5.14166 6.11591 726334 8.61276 14 23177 148595 1.63862 180611 2.19112 265330 3.20714 466096 5.60441 6.72750 8.06231 9.64629 16 36654 1.51567 1.67958 1.86029 2.27877 2.78596 5.03383 6.10881 7.40025 8.94917 10.80385 18.82152 1.54598 1.72157 1.91610 2 36992 2.92526 3.60354 5.43654 6.65860 B.14028 9.93357 12.10031 21 64475 1.57690 1.76461 1.97359 2.46472 3.07152 3.81975 587146 7.25787 8.95430 11.02627 13.55235 24.89146 1.60844 1.80873 203279 2.56330 3.22510 404893 6.34118 7.91108 9.84973 12 23916 15.17863 28.62518 1 64061 185394 209378 2.66584 3.38635 429187 6.84847 8.62308 10.83471 13.58546 17.00000 32.91895 454938 1.67342 1.90029 2.15659 2.77247 3.55567 7.39635 9.39916 11.91818 15.07986 19.04007 37.85680 4 82235 1.70689 1.94780 22212.88337 3.73346 43 53532 7.98806 10 24508 13.10999 16.73865 21.32488 5.11169 1.74102 1 99650 2.28754 2.998703.92013 50 06561 862711 11.16714 14.42099 18.57990 23.88387 57.57545 5.41839 9.31727 12. 17218 15.86309 20.62369 26.74993 1.77584 204641 2.35657 3.11865 4.11614 1.81136 2 09757 2.42726 3.24340 4.32194 5.74349 10.06266 13.26768 17.44940 22 89230 29.95992 66 21177 1.84759 2.15001 2.50008 3.37313 4.53804 608810 10.86767 14.46177 19.19434 25.41045 33.55511 76 14354 1 88454 2.20376 2.57508 3.50806 4.76494 6.45339 11.73708 15.76333 21.11378 28.20560 37.58173 87.56507 192223 2.25885 2.65234 3.64838 5.00319 6.84059 1267605 17. 18203 23.22515 31 30821 42.09153 100.69983 1.96068 2.31532 2.73191 3.79432 5.25335 7.25103 13.69013 18.72841 25.54767 34.75212 47.14252 115.80480 1.99989 2 37321 281 386 3.94609 5.51602 7.68609 14.78534 20.41397 28.10244 38.57485 52.79962 133. 17552 203989 243254288928 4. 10393 5.79182 8.14725 15.96817 22.25123 30.91268 4281808 59.13557 153 15185 208069 2 49335 2.96523 4.26809 6.08141 863609 17.24563 24 25384 34 00395 47.52807 66 23184 176.12463 2. 12230 2.55568 3.07478 4.43881 6.38548 9.15425 18.62528 26.43668 37 40434 52.75616 74.17966 202.54332 2.16474 2.61957 3.16703 4.61637 6.70475 9.70351 20.11530 28.81598 41.14479 58.55934 83.08122 232.92482 220804 2.68506 3.26204 4.80102 703999 1028572 21.72452 31.40942 45.25926 65.00087 93.05097 267.86355 21 22 23 24 25 26 27 29 30 31 34 35 36 40 Table A.2 PRESENT VALUE OF 1 (PRESENT VALUE OF A SINGLE SUM 91%