Question
Messi Company is considering an investment that will return a lump sum of $820,000 7 years from now. (For calculation purposes, use 5 decimal places
Messi Company is considering an investment that will return a lump sum of $820,000 7 years from now. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Messi Company pay for this investment to earn an 7% return? (Round answer to 2 decimal places, e.g. 25.25.)
| Messi Company should pay |
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
3rd Edition
0139488944, 978-0139488948
