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Ivanhoe Company is considering an investment that will return a lump sum of $500,0005 years from now. What amount should Ivanhoe pay for this investment
Ivanhoe Company is considering an investment that will return a lump sum of $500,0005 years from now. What amount should Ivanhoe pay for this investment in order to earn a 4% return? (For calculation purposes, use 5 decimal places as displayed in the foctor table provided. Round final answer to 2 decimal places, e.s. 5,275.25.J Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Amount to pay for this investment
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