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Exercise B-1 (Algo) Present value of an amount LO P1 Mike Derr Company expects to earn 10% per year on an investment that will

Exercise B-1 (Algo) Present value of an amount LO P1 Mike Derr Company expects to earn 10% per year on an investment that will pay $606,000 eight years from now. (PV of $1. EV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Compute the present value of this investment. Future Value Table Factor Present Value

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