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1 3 Pharoah Service Company is considering an investment that will return a lump sum of $ 2 , 8 0 0 , 0 0

13 Pharoah Service Company is considering an investment that will return a lump sum of $2,800,00018 years from now. What amount should Pharoah pay for this investment to earn an 9% return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 0 decimal places, e.g.5,275.)
Click here to view Table 3.
Amount pay for investment $
TABLE 3 Present Value of 1
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