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Sandhill Co. earns 6% on an investment that will return $410,000 12 years from now. Click here to view the factor table. (For calculation purposes,
Sandhill Co. earns 6% on an investment that will return $410,000 12 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the amount Sandhill should invest now to earn this rate of return? (Round answer to 2 decimal places, e.g. 5,275.25.)
Sandhill Co. should invest | $enter an amount to be invested in dollars rounded to 2 decimal places |
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