Exercise B-1 Present value of an amount LO P1 Mike Derr Company expects to earn 10% per year on an investment that will pay $616,000 five years from now. (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.) Compute the present value of this investment Table Factor Present Value Future Value $ 616,000 Exercise B-3 Number of periods of an investment LO P2 Tom Thompson expects to invest $8,000 at 8% and, at the end of a certain period, receive $31,968. How many years will it be before Thompson receives the payment? (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.) Future Value Present Value Table Factor Years years Exercise B-4 Interest rate on an investment LO P2 Bill Padley expects to invest $5,000 for 7 years, after which he wants to receive $7,518.00. 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.) Future Value Present Value Table Factor Interest Rate