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just need the answers please Crane Company is considering investing in an annuity contract that will return $31,000 annually at the end of each year
just need the answers please
Crane Company is considering investing in an annuity contract that will return $31,000 annually at the end of each year for 20 years. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor tobe provided) What amount should Crane Company pay for this investment if it earns an 12% return? (Round answer to 2 decimal places, e... 25.25.) Crane Company should pay $ Step by Step Solution
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