Kurt has been offered the opportunity of investing $25,171.77 now. The investment will earn 10% per year and at the end of that time will return Wayne $79,000.

How many years must Wayne wait to receive $79,000?

Brief Exercise D-21 Wayne Kurt has been offered the opportunity of investing $25,171.77 now. The investment will earn 10% per year and at the end of that time will return Wayne $79,000. TABLE 3 Present Value of 1 Periods 9% 91743 77218 8219378353 7472668058 64993 62092 59345 56743 49718 903 74622 70496 63017.59627 .5644753464 50663 43233 3069 67684 6274154027 50187 4665143393 40388 32690 96154 92456 88900 83 85480 82270 79209 73 2593 0703 89000 85734 79383 73503 89286 86957 79719 75614 71178 65752 6355257175 .84 168 82645 384 83962 70843 68301 65873 75992 708 6 66506 58349 54703 51316 48166 4523537594 59190 50025 5583946319 422 46043 42410 241 3 39092 3606 2 64461 28426 70259 6755661391 38554 35218 32197 24719 6495858468 5267942888 3875335049 31728 28748 21494 39711 35554 31863 2858425668 .22917 23199 20462 55684 49697 3 ,62460 , .60057 .53032 .46884 .36770 .32618 .28966 .25751 5774850507442 5552648102 4172731524 27454 2393920900 5339145811 39365 29189 25187 21763 51337 4 4936341552 35034 25025 21199 47464 39573 45639 18691 16253 19785 .18829 .18270 .14133 17986 44230 34046 29925 26333 12289 16312 9293 10687 14564 09293 08081 43630 37136 2702723107 16963 15282 13768 12403 13004 23171 21455 19449 7843 33051 16351 20 37689 06110 How many years must Wayne wait to receive $79,000? (Hint: Use Table 3.) (Round answer to 0 decimal places, e.g. 25.) Wayne must wait years Click if you would like to Show Work for this