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Tom Thompson expects to invest $20,000 at 12% and, at the end of a certain period, receive $109,472. How many years will it be before

Tom Thompson expects to invest $20,000 at 12% and, at the end of a certain period, receive $109,472. 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 years Bill Padley expects to invest $17,000 for 9 years, after which he wants to receive $22,181.60. What rate of interest must Padley earn? (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 Interest Rate %

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