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Crane Company earns 4% on an investment that pays back $93,500 at the end of each of the next 6 years. Click here to view
Crane Company earns 4% on an investment that pays back $93,500 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 Crane Company invested to earn the 4% rate of return? (Round answer to 2 decimal places, e.g. 25.25.) Crane Company invested Save for Later Attempts: unlimited Submit
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