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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

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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 $1. PVA of \$1, and FVA of \$1) (Use approprlate factor(s) from the tables provlded. Round "Table Factor" to 4 declmal places.) Compute the present value of this investment

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