An Investment is expended to yield a single payment of $714,000 in exactly 12 years...
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Accounting
An Investment is expended to yield a single payment of $714,000 in exactly 12 years from today. What is the fair value of this investment today (rounded to the nearest dollar) based on a required rate of return of 8.0%?
$283,539
$55,093
$472, 325
$661,111
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