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Kaehler Enterprises earns 5% on an investment that pays back $80,000 at the end of each of the next 4 years. Click here to view
Kaehler Enterprises earns 5% on an investment that pays back $80,000 at the end of each of the next 4 years.
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(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)
What is the amount Kaehler Enterprises invested to earn the 5% rate of return? (Round answer to 2 decimal places, e.g. 25.25.)
Kaehler Enterprises invested $
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