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Time Value of Money #3 Tom Thompson expects to invest $20,000 at 8% and, at the end of a certain period, receive $54,392. How many

Time Value of Money #3

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Tom Thompson expects to invest $20,000 at 8% and, at the end of a certain period, receive $54,392. 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.)

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