ome Read, Study & Practice ssignment> Open Assignment niil SSIGNMENT RESOURCES A

Question

ome Read, Study & Practice ssignment> Open Assignment niil SSIGNMENT RESOURCES Assignment Gradebook ORION Downloadable eTextbook CA Brief Exercise G-11 Oriole company earns 12% on an investment that will return $523,400 10 years from now. Click here to view (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the amount Oriole should invest now to earn this rate of return? (Round answer to 2 decimal places, e.g. 25.25.) ?Brief Exercise G-12 Review Results by Stud Objective Oriole Company should invests LINK TO TEXT Question Attempts: 0 of 5

Explanation / Answer

Oriole company should invest 168519.1 (PV of $1 table at 12% for 10 years) 523,400*.32197

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