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Flint Company earns 12% on an investment that will return $505,000 eleven years from now. What is the amount Flint Company should invest now to

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Flint Company earns 12% on an investment that will return $505,000 eleven years from now. What is the amount Flint Company should invest now to earn this rate of return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to decimal places, eg. 5,275.) Click here to view the factor table. Amount $

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