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Cullumber Enterprises earns 7% on an investment that pays back $81,000 at the end of each of the next 4 years. Click here to view

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Cullumber Enterprises earns 7\% on an investment that pays back $81,000 at the end of each of the next 4 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 Enterprises invested to earn the 7% rate of return? (Round answer to 2 decimal places, e.g. 25.25.) Cullumber Enterprises invested TABLE 1 Future Value of 1 TARI.F ? Fu TABLE 3 Present Value of 1 TABLE 4 Present Value of an Annuity of 1

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