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Pina Colada Company is considering an investment which will return a lump sum of $2,565,000 six years from now. What amount should Pina Colada Company
Pina Colada Company is considering an investment which will return a lump sum of $2,565,000 six years from now. What amount should Pina Colada Company pay for this investment to earn an 11% return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 0 decimal places, e.g. 5,275.)
Amount pay for investment | $enter the amount company will pay for investment in dollars rounded to 0 decimal places |
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