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You plan on having $290,000 three years from today. The return on the investment is expected to be 12% and will be compounded semi-annually. The

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You plan on having $290,000 three years from today. The return on the investment is expected to be 12% and will be compounded semi-annually. The amount that needs to be invested today is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use approprlate factor(s) from the tables provided.) Multiple Choice $145,000 O O $205.138. O $204.438 O $193,333. Toronto Corporation purchased a building by paying $94,500 cash on the purchase date, agreeing to pay $50,900 every year for the next nine years and one payment of $104,500 ten years from the purchase date. The first payment is due one year after the purchase date. Toronto's Incremental borrowing rate is 10%. The liability reported at on the balance sheet as of the purchase date, after the initial $94,500 payment was made, is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use approprlate factor(s) from the tables provided.) Multiple Choice $293,134 O O $333,423 O $562.600. O $427,923

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