Brief Exercise G-10

Oriole Company is considering an investment that will return a lump sum of $879,900, 3 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 amount should Oriole Company pay for this investment to earn an 9% return?(Round answer to 2 decimal places, e.g. 25.25.)

Lincoln Company should pay

$enter a dollar amount rounded to 2 decimal places

Brief Exercise G-10 Oriole Company is considering an investment that will return a lump sum of $879,900, 3 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 amount should Oriole Company pay for this investment to earn an 9% return? (Round answer to 2 decimal places, e.g. 25.25.) Lincoln Company should pay $ Click if you would like to Show Work for this question: Open Show Work