Question: Please show all steps so I can understand the formula: Mike Derr Company expects to earn 12% per year on an investment that will pay

Please show all steps so I can understand the formula:

Mike Derr Company expects to earn 12% per year on an investment that will pay $616,000 ten years from now. (PV of \$1. EV of $1. PVA of \$1, and FVA of \$1) Note: Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places. Compute the present value of this investment

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