Blossom Enterprises earns 8 on an investment that pays back $85,500 at the end of each of the next 5 years, Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided ) What is the amount Blossom Enterprises invested to earn the 8 rate of return (Round answer to 2 decimal places, e 8 25 25 ) Blossom Enterprises invested $ TABLE 1 Future Value of 1 (n) TABL E 2 Future Value of an Annuity of 1 begin tabular lllllllllll 11 13 48635 14 20679 14 97164 15 7836 16 64549 17 56029 18 53117 19 56143 20 65458 24 34928 12 15 02581 15 91713 16 86994 17 8885 18 97713 20 14072 21 38428 22 71319 24 13313 29 00167 13 16 62684 17 71298 18 88214 20 1406 21 49530 22 95339 24 52271 26 21164 28 02 911 34 35192 14 18 29191 19 59863 21 01507 22 5505 24 21492 26 01919 27 97498 30 09492 32 39260 40 50471 15 20 02359 21 57856 23 27597 25 1290 27 15211 29 36092 31 77248 34 40536 37 27972 47 58041 16 21 82453 23 65749 25 67253 27 8881 30 32428 33 00340 35 94973 39 18995 42 75328 55 71747 17 23 69751 25 84037 28 21288 30 8402 33 75023 36 97351 40 54470 44 50084 48 88367 65 07509 18 25 64541 28 13238 30 90565 33 9990 37 45024 41 30134 45 59917 50 39593 55 74972 75 83636 19 27 67123 30 53900 33 75999 37 3790 41 44626 46 01846 51 15909 56 93949 63 43968 88 21181 20 29 77808 33 06595 36 78559 40 9955 45 76196 51 16012 57 27500 64 20283 72 05244 102 44358 hline end tabular TABLE 3 Present Value of 1

Question

Blossom Enterprises earns 8  on an investment that pays back $85,500 at the end of each of the next 5 years, Click here to view the factor table  (For calculation purposes, use 5 decimal places as displayed in the factor table provided ) What is the amount Blossom Enterprises invested to earn the 8  rate of return  (Round answer to 2 decimal places, e 8  25 25 ) Blossom Enterprises invested $ TABLE 1 Future Value of 1 (n) TABL E 2 Future Value of an Annuity of 1  begin tabular  lllllllllll  11   13 48635   14 20679   14 97164   15 7836   16 64549   17 56029   18 53117   19 56143   20 65458   24 34928    12   15 02581   15 91713   16 86994   17 8885   18 97713   20 14072   21 38428   22 71319   24 13313   29 00167    13   16 62684   17 71298   18 88214   20 1406   21 49530   22 95339   24 52271   26 21164   28 02 911   34 35192    14   18 29191   19 59863   21 01507   22 5505   24 21492   26 01919   27 97498   30 09492   32 39260   40 50471    15   20 02359   21 57856   23 27597   25 1290   27 15211   29 36092   31 77248   34 40536   37 27972   47 58041    16   21 82453   23 65749   25 67253   27 8881   30 32428   33 00340   35 94973   39 18995   42 75328   55 71747    17   23 69751   25 84037   28 21288   30 8402   33 75023   36 97351   40 54470   44 50084   48 88367   65 07509    18   25 64541   28 13238   30 90565   33 9990   37 45024   41 30134   45 59917   50 39593   55 74972   75 83636    19   27 67123   30 53900   33 75999   37 3790   41 44626   46 01846   51 15909   56 93949   63 43968   88 21181    20   29 77808   33 06595   36 78559   40 9955   45 76196   51 16012   57 27500   64 20283   72 05244   102 44358     hline  end tabular  TABLE 3 Present Value of 1

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Blossom Enterprises earns 8% on an investment that pays back $85,500 at the end of each of the next 5 years, Click here to view

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