Question: Brief Exercise G-13 Your answer is incorrect. Try again Cullumber Company earns 8% on an investment that pays back $96,800 at the end of each

Brief Exercise G-13 Your answer is incorrect. Try again Cullumber Company

Brief Exercise G-13 Your answer is incorrect. Try again Cullumber Company earns 8% on an investment that pays back $96,800 at the end of each of the next 10 years. iew the fac ble (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) what is the amount Cullum ber Company invested to earn the 8% rate of return? (Round answer to 2 decimal places, eg. 25.25.) Cullumber Company invested 1210000 Click if you would like to Show Work for this question: Open Show Work

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