Question
Ivanhoe Company is considering an investment that will return a lump sum of $887,900, 8 years from now. What amount should Ivanhoe Company pay for
Ivanhoe Company is considering an investment that will return a lump sum of $887,900, 8 years from now.
What amount should Ivanhoe Company pay for this investment to earn an 7% return? (Round answer to 2 decimal places, e.g. 25.25.)
| Lincoln Company should pay |
?
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Cost Accounting A Managerial Emphasis
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
6th Canadian edition
978-0132893534, 9780133389401, 132893533, 133389405, 978-0133392883
