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Mike Derr Company expects to earn 10% per year on an investment that will pay $606,773 six years from now. (PV of $1, FV of
Mike Derr Company expects to earn 10% per year on an investment that will pay $606,773 six years from now. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Compute the present value of this investment. X Answer is not complete. Future Value Present Value Table Factor 1.7716 X $ 606,773 II $ 342,500 Bill Padley expects to invest $10,000 for 25 years, after which he wants to receive $108,347. What rate of interest must Padley earn? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) X Answer is not complete. Future Value Present Value Table Factor Interest Rate $ 108,347 $ 10,000 10.8350 X 10 %
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