Present and future value tables of $1 at 3% are presented below. N FV $1 PV $1 FVA $1 1 1.03000 0.97087 1.0000 PVA $1 FVAD $1 0.97887 PVAD $1 2 1.06098 0.94260 2.0300 3 1.09273 0.91514 4 5 8911 1.12551 0.88849 1.15927 0.86261 6 1.19405 0.83748 7 1.22987 0.81309 1.26677 0.78941 1.30477 0.76642 1.91347 3.0909 2.82861 4.1836 3.71710 5.3091 4.57971 6.4684 5.41719 7.6625 6.23028 8.8923 10.1591 10 1.34392 0.74409 11.4639 7.01969 7.78611 8.53020 11 1.38423 0.72242 12.8078 12 13 16 1.42576 0.70138 1.46853 0.68095 14 1.51259 0.66112 15 1.55797 0.64186 1.60471 0.62317 1.0300 2.0909 1.97887 3.1836 2.91347 4.3091 3.82861 5.4684 4.71710 6.6625 5.57971 7.8923 6.41719 9.1591 7.23028 10.4639 8.01969 11.8078 8.78611 9.25262 13.1920 9.53020 14.1920 9.95400 14.6178 10.25262 15.6178 10.63496 16.0863 10.95400 17.0863 11.29607 17.5989 11.63496 18.5989 11.93794 19.1569 12.29607 20.1569 12.56110 20.7616 12.93794 1.00000 Thomas wants to invest $23,000 today to accumulate $26.660. If Thomas can invest at an interest rate of 3% compounded annually, how many years will it take to accumulate the required amount? Mutiple Choice