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. 
To the closest dollar, what is the amount Koppernaes should invest now to earn this rate of return?
A) $298,442
B) $610,673
C) $1,134,,000
D) $616,107
Correct Answer:
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