Tim Howard has been offered the opportunity of investing $36,125 now. The investment will earn 11% per year and at the end of that time will return Tim $75,000. 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 For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How many years must Tim wait to receive $75,000? (Hint:Use Table 3.) (Round answer to O decimal places, eg. 25.) Tim must wait years