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Ivanhoe Company earns 9% on an investment that pays back $93,000 at the end of each of the next 9 years. Click here to view

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Ivanhoe Company earns 9% on an investment that pays back $93,000 at the end of each of the next 9 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 Ivanhoe Company invested to earn the 9% rate of return? (Round answer to 2 decimal places, e.g.5.275.25.) Ivanhoe Company invested

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