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use tables to answer question TABI.E 1 Future Value of 1 TABLE 2 Future Value of an Annuity of 1 TABLE-3 Present Value of 1
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TABI.E 1 Future Value of 1 TABLE 2 Future Value of an Annuity of 1 TABLE-3 Present Value of 1 TABLE 4 Present Value of an Annuity of 1 (n) Blossom Company is considering investing in an annuity contract that will return $30,500 annually at the end of each year for 19 years. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Blossom Company pay for this investment if it earns an 6% return? (Round answer to 2 decimal places, eg. 25.25 ) Blossom Company should pay Step by Step Solution
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