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Oriole Company is considering investing in an annuity contract that will return $32.500 annually at the end of each year for 15 years. Click
Oriole Company is considering investing in an annuity contract that will return $32.500 annually at the end of each year for 15 years. Click here to view the factor table. What amount should Oriole Company pay for this investment if it earns an 10% return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 25.25.) Oriole Company should pay $
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