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The Company invests $800,000 in a project expected to earn a 10% annual rate of return. The earnings will be reinvested in the project each
The Company invests $800,000 in a project expected to earn a 10% annual rate of return. The earnings will be reinvested in the project each year until the entire investment is liquidated 15 years later. What will the cash proceeds be when the project is liquidated? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round the Table Factors to 4 decimal places and final answer to the nearest whole dollar.) Present Value f (FV of a Single Amount) Future Value X
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