Koppernaes Corporation earns 12% on an investment that will return $1,350,000, 7 years from now. Below is some of the time value of money information that Koppernaes has compiled that might help in planning compounded interest decisions. $\begin{array}{lr}
\text { Present value of } 1 \text { for } 7 \text { periods at } 12 \% & 0.45235 \
\text { Future value of } 1 \text { for } 7 \text { periods at } 12 \% & 2.21068 \
\text { Present value of an annuity of } 1 \text { for } 7 \text { periods at } 12 \% & 4.56376 \
\text { Future value of an annuity of } 1 \text { for } 7 \text { periods at } 12 \% & 10.08901
\end{array}$ To the closest dollar, what is the amount Koppernaes should invest now to earn this rate of return?

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The Answer of Koppernaes Corporation earns 12% on an investment that will return $1,350,000, 7 years from now. Below is some of the time value of money information that Koppernaes has compiled that might help in planning compounded interest decisions. $\begin{array}{lr}
\text { Present value of } 1 \text { for } 7 \text { periods at } 12 \% & 0.45235 \
\text { Future value of } 1 \text { for } 7 \text { periods at } 12 \% & 2.21068 \
\text { Present value of an annuity of } 1 \text { for } 7 \text { periods at } 12 \% & 4.56376 \
\text { Future value of an annuity of } 1 \text { for } 7 \text { periods at } 12 \% & 10.08901
\end{array}$ To the closest dollar, what is the amount Koppernaes should invest now to earn this rate of return?

Koppernaes Corporation Earns 12% on an Investment That Will Return