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Sunland Company makes an investment today (January 1, 2020). They will receive $77000 every December 31st for the next six years (2020 – 2025). If Sunland wants to earn 9% on the investment, what is the
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19 votes
19 votes
Sunland Company makes an investment today (January 1, 2020). They will receive $77000 every December 31st for the next six years (2020 – 2025). If Sunland wants to earn 9% on the investment, what is the most they should invest on January 1, 2020?

User Yecenia
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13 votes
13 votes

Answer:

see explanation

Step-by-step explanation:

The most they should invest on January 1, 2020 is called the Present value Amount. Thus calculate the Present Value.

User Wloescher
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