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    Exam 14: Understanding Investments and Acquisitions in Accounting
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    Lewis Company Earns 12% on an Investment That Will Return
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Lewis Company Earns 12% on an Investment That Will Return

Question 210

Question 210

Essay

Lewis Company earns 12% on an investment that will return $500,000 eleven years from now. What is the amount that Lewis Company should invest now to earn this rate of return?

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