Mike Derr Company expects to earn 8% per year on an investment that will pay $606,000 ten 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. & Answer is complete but not entirely correct. Future Value 606,000 Table Factor 0.5835 Present Value $ 353,601 x - On January 1, a company agrees to pay $23,000 in nine years. If the annual interest rate is 8%, 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.) Future Value Table Factor Amount Borrowed Tom Thompson expects to invest $15,000 at 9% and, at the end of a certain period, receive $59,555. 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