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Brief Exercise G-12 Crane Company is considering investing in an annuity contract that will return $28,020 annually at the end of each year for 17
Brief Exercise G-12 Crane Company is considering investing in an annuity contract that will return $28,020 annually at the end of each year for 17 years. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Crane Company pay for this investment if it earns an 7% return? (Round answer to 2 decimal places, e.g. 25.25.) Crane Company should pay
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