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Time Value of Money #1 Mike Derr Company expects to earn 10% per year on an investment that will pay $606,000 ten years from now.

Time Value of Money #1

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Mike Derr Company expects to earn 10% per year on an investment that will pay $606,000 ten years from now. (PV of $1. FV of $1, PVA of $1, and (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Compute the present value of this investment

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