-Turner Company is considering an investment, which will return a lump sum of $450,000 four years from now. Below is some of the time value of money information that Turner has compiled that might help in planning compounded interest decisions. To the closest dollar, what amount should Turner Company pay for this investment to earn a 10% return?
A) $270,000
B) $180,000
C) $307,355
D) $356,609

Question

-Turner Company is considering an investment, which will return a lump sum of $450,000 four years from now. Below is some of the time value of money information that Turner has compiled that might help in planning compounded interest decisions.  To the closest dollar, what amount should Turner Company pay for this investment to earn a 10% return?
A) $270,000 
B) $180,000 
C) $307,355 
D) $356,609

Quizplus · Accepted Answer

The Answer of 
-Turner Company is considering an investment, which will return a lump sum of $450,000 four years from now. Below is some of the time value of money information that Turner has compiled that might help in planning compounded interest decisions.  To the closest dollar, what amount should Turner Company pay for this investment to earn a 10% return?
A) $270,000 
B) $180,000 
C) $307,355 
D) $356,609

-Turner Company Is Considering an Investment, Which Will Return a Lump