Tim Howard has been offered the opportunity of investing $32,729 now. The investment will earn 5% per year and at the end of that time will return Tim $64,800. Click here to view the factor table Future Value of 1 Click here to view the factor table Future Value of an Annuity of 1 Click here to view the factor table Present Value of 1 Click here to view the factor table Present Value of an Annuity of 1 Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How many years must Tim wait to receive $64,800? (Hint: Use Table 3.) (Round answer to 0 decimal places, e.g. 25.) Tim must wait years Table 3 Present Value of 1 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% Periods 1 96154 95238 94340 93458 92593 91743 90909 90090 .89286 .86957 92456 88900 90703 .86384 89000 87344 .83962 .81630 .85734 79383 .84168 77218 .82645.81162 75132 73119 7971975614 71178 .65752 3 7 12 13 14 15 .85480 82270 79209 76290 .73503 .70843.68301.65873.63552 .57175 .82193 .78353.74726 71299 .68058 .64993.62092 .59345.56743 49718 .79031 .74622 .70496 .66634 .63017 .59627 .56447 53464 50663 43233 75992 71068 .66506 .62275 .58349 .54703 .51316 .48166 45235 37594 .73069.67684 .62741 .58201 54027 .50187 46651 43393 40388 32690 .70259.64461 .59190 .54393 .50025 46043.42410 39092 .36061 28426 .67556 .61391 .55839 .50835 46319 42241 .38554 .35218 32197 24719 .64958 58468 526794750942888 38753 .350493172828748 21494 .62460 .55684 49697 44401 39711.35554 .31863 28584 25668.18691 .60057 .53032.46884 41496 36770 .32618 28966 25751 22917 .16253 .57748.50507.44230 .38782 34046 29925 2633323199 20462.14133 .55526 48102.41727 36245 31524 27454 23939 20900 .1827012289 .53391 45811 39365 33873 29189 25187 21763.18829 .16312 .10687 .51337 .43630.37136 31657 27027 23107.19785 .16963.14564.09293 ,49363 41552 .35034 29586 25025 .21199 17986 .15282 .13004 .08081 .47464 .39573 .33051 .27615 23171 .19449 .16351 .13768 .11611 .07027 4563937689 .31180 .25842 .21455 .17843 .14864 12403 .10367 06110 17