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Wildhorse Co. is considering an investment that will return a lump sum of $575,000 5 years from now. What amount should Wildhorse Co. pay for
Wildhorse Co. is considering an investment that will return a lump sum of $575,000 5 years from now. What amount should Wildhorse Co. pay for this investment in order to earn a 5% return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, e.g. 5,275.25.)
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