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Sheridan Enterprises earns 7% on an investment that pays back $83,000 at the end of each of the next 6 years. Click here to view
Sheridan Enterprises earns 7% on an investment that pays back $83,000 at the end of each of the next 6 years. Click here to view the factor table. What is the amount Sheridan Enterprises invested to earn the 7\% rate of 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.) Sheridan Enterprises invested (a) What is the present value of $28,500 due 9 periods from now, discounted at 9% ? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.8. 25.25.) Present value of an amount $ (b) What is the present value of $28,500 to be received at the end of each of 6 periods, discounted at 9% ? (For calculation purposes, use 5 decimal places as displayed in the foctor table provided. Round answer to 2 decimal places, es. 25.25.) Present value of an annuity
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