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Sheridan Company is considering an investment that will return a lump sum of $490,000 5 years from now. What amount should Sheridan Company pay for

Sheridan Company is considering an investment that will return a lump sum of $490,000 5 years from now. What amount should Sheridan Company pay for this investment in order to earn a 3% return?

what is the:

Amount to pay for this investment

rounded to 2 decimals

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