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On January 1, a company agrees to pay $12,000 in four years. If the annual interest rate is 2%, determine how much cash the company
On January 1, a company agrees to pay $12,000 in four years. If the annual interest rate is 2%, 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 $17,000 at 7% and, at the end of a certain period, receive $40,967. 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 Bill Padley expects to invest $5,000 for 2 years, after which he wants to receive $5,832.00. 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 %
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