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Tom Thompson expects to invest $12,000 at 12% and, at the end of a certain period, receive $37,270. How many years will it be before
Tom Thompson expects to invest $12,000 at 12% and, at the end of a certain period, receive $37,270. 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?
Future Value/Present Value = Table Factor , ____ years
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