Question: 12.7 please post full answer Chapter 12 & App A - Homework Question 7 of 9 View Policies Show Attempt History Current Attempt in Progress

12.7 please post full answer

Chapter 12 & App A - Homework Question 7 of 9 View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. Oriole Company is considering an investment that will return a lump sum of $740,000 3 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Oriole Company pay for this investment to earn an 11% return? (Round answer to 2 decimal places, e.g. 25.25.) Oriole Company should pay $ 420.825 13 eTextbook and Media 0/1 E

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