Question: Exercise B-1 (Algo) Present value of an amount LO P1 Mike Derr Company expects to earn 8% per year on an investment that will pay

Exercise B-1 (Algo) Present value of an amount LO P1 Mike Derr Company expects to earn 8% per year on an investment that will pay $616,000 nine years from now. (PV of S1, FV of $1. PVA of \$1, and FVA of Si) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Compute the present volue of this investment

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