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Exercise B-1 (Algo) Present value of an amount LO P1 Mike Derr Company expects to earn 6% per year on an investment that will pay

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Exercise B-1 (Algo) Present value of an amount LO P1 Mike Derr Company expects to earn 6% per year on an investment that will pay $606,000 nine years from now. (PV of S1. EVS1 PVA of $1, and FVA LS1) (Use appropriate foctor(s) from the tables provided. Round "Table Foctor" to 4 decimal places.) Compute the present value of this investment Future Value Table Factor Present Value

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