Brief Exercise G-10 Blossom Company earns 8% on an investment that will return $430,000 7 years from now. 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 should invest now to earn this rate of return? (Round answer to 2 decimal places, e.g. 5,275.25.) Blossom Company should invest $enter an amount to be invested in dollars rounded to 2 decimal places

Sheridan Company earns 10% on an investment that pays back $88,000 at the end of each of the next 6 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 Sheridan Company invested to earn the 10% rate of return? (Round answer to 2 decimal places, e.g. 5,275.25.)

Crane Company is about to issue $390,000 of 6-year bonds paying an 12% interest rate, with interest payable annually. The discount rate for such securities is 13%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) In this case, how much can Crane expect to receive from the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,575.)

Daniel Jackson has been offered the opportunity of investing $29,678 now. The investment will earn 12% per year and at the end of that time will return Daniel $82,300. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How many years must Daniel wait to receive $82,300? (Hint: Use Table 3.) (Round answer to 0 decimal places, e.g. 25.)