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 th…

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asked Dec 16, 2022 108k views

1 Answer

Valmarv · Answer 1 · 2022-12-20T17:35:57+0000

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.