Messi Company is considering an investment that will return a
lump sum of $720,000 4 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 Messi Company pay for this investment to earn an
9% return? (Round answer to 2 decimal places, e.g.
25.25.)
Messi Company should pay | $ |
Click if you would like to Show Work for this question: |
Open Show Work |
Since you have not given table , I am calculating factor value using calculator.
Future value of payment = $720000
Life = 4 year
Required return = 9%
Future value of $1 @9% for 4 years is 1.41158
So investment required today = $720000/1.41158
= $510066.73
Feel free to ask any queries..
Also plz upvote it means a lot thank you
Messi Company is considering an investment that will return a lump sum of $720,000 4 years...
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