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Brief Exercise A-9 Messi Company is considering an investment that will return a lump sum of $830,000 5 years from now. (For calculation purposes, use

Brief Exercise A-9

Messi Company is considering an investment that will return a lump sum of $830,000 5 years from now.

(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)

What amount should Messi Company pay for this investment to earn an 12% return? (Round answer to 2 decimal places, e.g. 25.25.)

Messi Company should pay $

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