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Mike Derr Company expects to earn 8% per year on an investment that will pay $606,000 five years from now. (PV of $1, FV of

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Mike Derr Company expects to earn 8% per year on an investment that will pay $606,000 five 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 PV factor to 4 decimal places.) Compute the present value of this investment. p(PV of a Future Value x Single Present Value Amount) 600,000 x 0.6806 Hints References eBook & Resources Hint #1

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