Question
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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ISO 9000 Family Of Standards With Extracts From ISO 9001 Audit Trail
Authors: David John Seear
1st Edition
1477226400, 978-1477226407
