I also got $671,065.46 before that answer & it was incorrect.

* Your answer is incorrect. Cullumber Company is considering an investment that will return a lump sum of $942,000 3 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided) What amount should Cullumber Company pay for this investment to earn an 12% return? (Round answer to 2 decimal places, es 25.25) Lincoln Company should pay $ 671066 42 Periods 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 4% 5% 1.00000 1.00000 1.04000 1.05000 1.08160 1.10250 1.12486 1.15763 1.16986 1.21551 1.21665 1.27628 1.26532 1.34010 1.31593 1.40710 1.36857 1.47746 1.42331 1.55133 1.48024 1.62889 1.53945 1.71034 1.60103 1.79586 1.66507 1.88565 1.73168 1.97993 1.80094 2.07893 1.87298 2.18287 1.94790 2.29202 2.02582 2.40662 2.10685 2.52695 2.19112 2.65330 6% 796 1.00000 1.00000 1.06000 1.07000 1.12360 1.14490 1.19102 1.22504 1.26248 1.31080 1.33823 1.40255 1.41852 1.50073 1.50363 1.60578 1.59385 1.71819 1.68948 1.83846 1.79085 1.96715 1.89830 2.10485 2.01220 2.25219 2.13293 2.40985 2.26090 2.57853 2.39656 2.75903 2.54035 2.95216 2.69277 3.15882 2.85434 3.37993 3.02560 3.61653 3.20714 3.86968 8% 9% 10% 11% 1.00000 1.00000 1.00000 1.00000 1.08000 1.09000 1.10000 1.11000 1.16640 1.18810 1.21000 1.23210 1.25971 1.29503 1.33100 1.36763 1.36049 1.41158 1.46410 1.51807 1.46933 1.53862 1.61051 1.68506 1.58687 1.67710 1.77156 1.87041 1.71382 1.82804 1.94872 2.07616 1.85093 1.99256 2.14359 2.30454 1.99900 2.17189 2.35795 2.55803 2.15892 2.36736 2.59374 2.83942 2.33164 2.58043 2.85312 3.15176 2.51817 2.81267 3.13843 3.49845 2.71962 3.06581 3.45227 3.88328 2.93719 3.34173 3.79750 4.31044 3.17217 3.64248 4.17725 4.78459 3.42594 3.97031 4.59497 5.31089 3.70002 4.32763 5.05447 5.89509 3.99602 4.71712 5.55992 6.54355 4.31570 5.14166 6.11591 7.26334 4.66096 5.60441 6.72750 8.06231 12% 1.00000 1.12000 1.25440 1.40493 1.57352 1.76234 1.97382 2.21068 2.47596 2.77308 3.10585 3.47855 3.89598 4.36349 4.88711 5.47357 6.13039 6.86604 7.68997 8.61276 9.64629 15% 1.00000 1.15000 1.32250 1.52088 1.74901 2.01136 2.31306 2.66002 3.05902 3.51788 4.04556 4.65239 5.35025 6.15279 7.07571 8.13706 9.35762 10.76126 12.37545 14.23177 16.36654 79 TABLE 2 Future Value of an Annuity of 1 (n) Payments 4% 5% 89 99 10% 119 129 15% 1.00000 1.00000 1.00000 1.0000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 2 2.04000 2.05000 2.06000 2.0700 2.08000 2,09000 2.10000 2.11000 2.12000 2.15000 3 3.12160 3.15250 3.18360 3.2149 3.24640 3.27810 3.31000 3.34210 3.37440 3.47250 4 4.24646 4.31013 4.37462 4.4399 4.50611 4.57313 4.64100 4.70973 4.77933 4.99338 5 5,41632 5.52563 5.63709 5.7507 5.86660 5.98471 6.10510 6.22780 6.35285 6.74238 6 6.63298 6.80191 6.97532 7.1533 7.33592 7.52334 7.71561 791286 811519 8.75374 7 7.89829 8.14201 8.39384 8.6540 8.92280 9.20044 9.48717 9.78327 10.08901 11.06680 8 9.21423 9.54911 9.89747 10.2598 10.63663 11.02847 11.43589 11.85943 12 29969 13.72682 9 10.582807 11.02656 11.49132 11.9780 12.48756 13.02104 13.57948 14.16397 14.77566 16.78584 10 12.00611 12.57789 13.18079 13.8164 14.48656 15.19293 15.93743 16.72201 17.54874 20.30372 11 13.48635 14.20679 14.97164 15.7836 16,64549 17.56029 18.53117 19.56143 20.65458 24.34928 12 15.02581 15.91713 16.86994 17.8885. 18.97713 20.14072 21 38428 22.71319 24,13313 29.00167 13 16.62684 17.71298 18.88214 20:1406 21.49530 22.95339 24 52271 26.21164 28.02911 34 35192 14 18.29191 19.59863 21.01507 22.5505 24.21492 26,01919 27 97498 30.09492 32 39260 40.50471 15 20.02359 21.57856 23.27597 25.1290 27.15211 29,36092 31 77248 34.40536 37 279724758041 16 21.82453 23.65749 25.67253 27.8881 30.32428 33.00340 3594973 39.18995 42 75328 55.71747 17 23.69751 25.84037 28.21288 30.84023375023 36,97351 40.54470 44 50084 4888367 65.07509 18 25.64541 28.13238 30.90565 33.999037.45024 41 30134 4559917 50,39593 5574912 75 83636 19 27.67123 30.53900 33.75999 37.3790 41.44626 46.01846 51.15909 56.93949 63.43968 88.20131 20 29.77808 31.06595 36.78559 40,9955 45.76196 51.16012 57.27500, 64.20283 72,05244 10244358 Periods 1 2 3 4 5 6 2 8 9 10 11 12 4% 96154 92456 88900 85480 82193 79031 75992 73069 70259 67556 64958 62460 60057 57748 55526 53391 51337 49363 47464 596 .95238 90703 86384 82270 .78353 .74622 .71068 67684 64461 61391 58468 55684 .53032 50507 48102 45811 43630 41552 39573 37689 6% 94340 89000 83962 .79209 .74726 .70496 .66506 62741 59190 S5839 52679 49697 46884 44230 41727 39365 37136 .35034 33051 31180 7% 0.93458 0.87344 0.81630 0.76290 0.71299 0.66634 0.62275 0.58201 0.54393 0.50835 0.47509 0.44401 0.41496 0.38782 0.36245 0.33873 0.31657 0.29586 0.27615 0.25842 8% .92593 85734 .79383 173503 68058 .63017 58349 54027 50025 46319 42888 39711 36770 34046 31524 29189 27027 25025 23171 21455 9% 91743 84168 77218 70843 64993 59627 54703 50187 46043 42241 38753 35554 32618 29925 27454 25187 23107 21199 19449 17843 10% 90909 .82645 75132 68301 62092 56447 51316 46651 42410 38554 35049 31863 28966 26333 23939 21763 19785 17986 16351 14864 119 90090 81162 73119 65873 59345 53464 48166 43393 39092 35218 31728 28584 25751 23199 20900 18829 16963 15282 13768 12403 12% 89286 79719 71179 63552 56743 50663 45235 40388 36061 32197 28748 25668 22917 20462 18270 16312 14564 13004 11611 10367 15% 86957 .75614 65752 57175 249718 43233 37594 32690 28426 24719 21494 18691 16253 14133 12289 10687 09293 08081 07027 06110 14 15 16 17 18 19 20 TABLE 4 Present Value of an Annuity of 1 ne) Payments 6 7% 1 96154 95238 94340 0.93458 2 188609 1.85941 1.83339 1.80802 3 2.77509 2.72325 267301 2.62432 4 3.62920 3.54595 346511 38721 5 4,45182 4.32948 4.21236 4.10020 6 5.24214 5.07569 4.91732 4.76654 7 6,00205 5.78637 5.58238 5.38929 8 6.73274 6.46321 6 20979 5.97130 9 7.43533 7.10782 6.80169 6.51523 10 811000 7.72173 73009 7.02358 11 8.76048 8.30641 7.88687 7.49867 12 9.38507 8.86325 R. 38384 7.94269 13 9.98565 9.39357 B85268 81576 14 10.56312 9.89864 9.29498 8.74547 15 11.11839 10.37966 9.21225 9.10791 16 11.65230 10.83777 10.10590 941665 12 12 1656 01.27407 10.47726 9.76322 18 12 65930 1168959 10.82760 10.099 19 13.13994 12 0532 11.15312 10 1500 20 13.39033 1240221 11 1692 10.99401 9 104 115 92593 91743 90909 90090 1.78326 1.75911 1.73554 171252 2.57710 2.531.30 2.48685 2.44371 331213 321972 1.16986 3.10245 399271 3.89965 3.79079 3.69590 4.6228 448592 423054 5.20637 5.03295 486842 4.71220 5.74664 5.53482 53493 5.14612 6.24689 5.99525 5.75902 5.53703 6.7100 6.41766614457 558923 7.13896 6,80519 6.49506 620652 753608 716073 6.81369 6.492.36 7.90178 7.4690 7.10336 6,24992 8.24424 7.78615 736669 6 98117 859948 8.06069 7.60608 7.19087 8.85137 8.31256 7.82371 7.37916 9.12164 8.54363 8.02155 754579 9.17189 8.75563 B.20141 7.70162 9.60360 5.95012 3692 7.1939 9.NINIS 912855 8.51156 7.9621 125 159 8926 86957 169005 162571 2.40183 2.28323 3.03735 285498 3.60478 3.35216 4.11141 3.78448 4.56.176 4.16012 4.96764 4.48732 532825 4.77158 5650225.01827 3.93770 5.21371 6.19437 5.42062 6.42355 5.58315 6.62817 5.72448 6.810865.84737 6.97199 5.95424 7.11963 604716 72496712797 736578 6.14823