Bridgeport Company is considering investing in an annuity contract that will return $50,000 annually at...
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Bridgeport Company is considering investing in an annuity contract that will return $50,000 annually at the end of each year for 19 years. What amount will Bridgeport Company pay for this investment if the company earns an 9% return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, eg. 5275.) Click here to view the factor table. Bridgeport Company pay for investment $
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