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Mike Derr Company expects to earn 10% per year on an investment that will pay $616,000 nine years from now. (PV of $1. FV of

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Mike Derr Company expects to earn 10% per year on an investment that will pay $616,000 nine years from now. (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Compute the present value of this investment Table Factor Present Value Future Value 616.000

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