Sheridan Compary is considering investing in an annuity contract that will return $33,500...
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Sheridan Compary is considering investing in an annuity contract that will return $33,500 annually at the end of each year for 13 years. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Sheridan Company pay for this investment if it earns an 10% return? (Round answer to 2 decimal places, eg. 25.25. ) Sheridan Company should pay $
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