Nolasko enterprises earns 6 on an investment that pays back, Financial Accounting

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Nolasko enterprises earns 6 on an investment that pays back

Nolasko Enterprises earns 6% on an investment that pays back $93,500 at the end of each of the next 4 years.

(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)

What is the amount Nolasko Enterprises invested to earn the 6% rate of return? (Round answer to 2 decimal places, e.g. 25.25.)

Nolasko Enterprises invested $____________

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Financial Accounting: Nolasko enterprises earns 6 on an investment that pays back

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