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Crane Company is considering an investment that will return a lump sum of $860,000 7 years from now. Click here to view the factor
Crane Company is considering an investment that will return a lump sum of $860,000 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 amount should Crane Company pay for this investment to earn an 6% return? (Round answer to 2 decimal places, e.g. 25.25.) Lincoln Company should pay +A $
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
6th edition
78025761, 978-0078025761
