Current Attempt in Progress * Your answer is incorrect. Ivanhoe Company earms 6% on an investment that pays back $93.000 at the end of each of the next 7 years Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided) What is the amount tvanhoe Company invested to earn the 6% rate of return? (Round answer to 2 decimal places, eg. 5.275.25.) Ivanhoe Company invested S eTextbook and Media $19166134 Attempts: 2 of 3 used Submit Anwe

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Subject: acounting 

Current Attempt in Progress
* Your answer is incorrect.
Ivanhoe Company earns 6% on an investment that pays back $93,000 at the end of each of the next 7 years.
Click here to view the factor table
(For calculation purposes, use 5 decimal places as displayed in the factor table provided)
What is the amount Ivanhoe Company invested to earn the 6% rate of return? (Round answer to 2 decimal places, eg 5.275.25)
Ivanhoe Company invested
eTextbook and Media
$19166134
Attempts: 2 of 3 used Submit Anwe
Transcribed Image Text:Current Attempt in Progress * Your answer is incorrect. Ivanhoe Company earns 6% on an investment that pays back $93,000 at the end of each of the next 7 years. Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided) What is the amount Ivanhoe Company invested to earn the 6% rate of return? (Round answer to 2 decimal places, eg 5.275.25) Ivanhoe Company invested eTextbook and Media $19166134 Attempts: 2 of 3 used Submit Anwe
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