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Brief Exercise G-9 X] your answer is incorrect. Try again. Mess Company is considering an investment that will return a lump
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Answer #1

Lump sum received 3 years from now = $850,000

Interest rate = 8%

Amount to be invested = [$850,000 / (1 + 0.08)3]

Amount to be invested = $850,000 * 0.793832241

Amount to be invested = $674,757.40

Messi company should pay $674,757.40

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