Cullumber Company earns 8% on an investment that pays back $97,000 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 Cullumber Company invested to earn the 8% rate of return? (Round answer to 2 decimal places, e.g. 5,275.25. Cullumber Company invested $ Finding present value if discounted for two periods The present value of 1 may also be determined through tables that show the present value of 1 for n periods. In Table3,n is the number of discounting periods involved. The percentages are the periodic interest rates or discount rates. and the 5 -digit decimal numbers in the The following two demonstration problems (Illustrations G.12 and G.13) illustrate how to use Table 3