ent CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise G-10 Sunland

Question

ent CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise G-10 Sunland Company is considering an investment that will return a lump sum of $902,100, 8 years from now. Click here to view the factor table For calculation purposes, use 5 decimal places as displayed in the factor table provided) what amount should Sunland Company pay for this investment to earn an 12% return? (Round answer to 2 decimal places, e.g. 25.25.) Lincoln Company should pays Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: Unlimited Pts: Unlimited SAVE FOR LATERSUBMIT ANSWER SAVE FOR LATER

Explanation / Answer

present value = Future value*PVF

X = 902100*0.40388

X = 364340

Lincoln company should pay 364340

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