13 Exercise B-3 Number of periods of an investment LO P2 Tom Thompson expects to invest $12.000 at 12% and, at the end of a certain period, receive $41,742. How many years will it be before Thompson recelves the payment? (PV of $1. EV of S1. PVA of $1. and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Fector" to 4 decimal places.) polnts Future Value Present Value Table Factor Years eBook years Hint Ask Print References 12 Exercise B-4 Interest rate on an investment LO P2 Bill Padley expects to invest $23,000 for 7 years, after which he wants to receive $24,658.30. What rate of interest must Padley earn? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) Doints Future Value Present Value Table Factor Interest Rate eBook Hint 11 Exercise B-1 Present value of an amount LO P1 Mike Derr Company expects to earn 6% per year on an investment that will pay $596,000 six years from now. (PV of $1, EV of $1, PVA of $1. and EVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) polnts Compute the present value of this investment. Table Factor Future Value Present Value eRook Hint 10 Exercise B-2 Present value of an amount LO P1 On January 1, a company agrees to pay $11,000 in four years. If the annual interest rate is 5%, determine how much cash the company can borrow with this agreement. (PV of $1, FV of $1, PVA of $1, and FVA of $1 (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) points O Answer is not complete. Future Amount Future Value Table Factor Borrowed 11,000 O