Indigo Company is considering investing in an annuity contract that will return $53,000 annually at...
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Indigo Company is considering investing in an annuity contract that will return $53,000 annually at the end of each year for 19 years. What amount will Indigo Company pay for this investment if the company earns an 8% return? (For calculation purposes, use 5 decimal places as displayed in the foctor table provided. Round answer to 2 decimal places, e.8. 52.75.) Click here to view the factor table. Indigo Company pay for investment
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