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Pharoah Company earns 7% on an investment that will return $520,000 8 years from now. (For calculations purposes, use 5 decimal places as displayed in

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Pharoah Company earns 7% on an investment that will return $520,000 8 years from now. (For calculations purposes, use 5 decimal places as displayed in the factor table provided.) What is the amount Pharoah should invest now to earn this rate of return? (Round answer to 2 decimal places, e.g.25.25.) Pharoah Company should invest $ ________

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