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Mike Derr Company expects to earn 12% per year on an Irvestment that will pay $606,000 nine years from now. (PV of $1. FV of

image text in transcribed Mike Derr Company expects to earn 12% per year on an Irvestment that will pay $606,000 nine years from now. (PV of $1. FV of $1. PVA of \$1, and FVA of \$1) Note: Use approprlate factor(s) from the tables provided. Round "Table Factor" to 4 declmal places. Compute the present value of this investment

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