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Mike Derr Company expects to earn 8% per year on an investment that will pay $596,000 eight years from now. (PV of $1, FV of
Mike Derr Company expects to earn 8% per year on an investment that will pay $596,000 eight 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.
Future Value = 596,000
Table Factor =?
Future value x Table factor=?
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