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Tom Thompson expects to invest $25,000 at 9% and, at the end of a certain period, receive $70,318. How many years will it be before
Tom Thompson expects to invest $25,000 at 9% and, at the end of a certain period, receive $70,318. 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.)
Check my work Tom Thompson expects to invest $25,000 at 9% and, at the end of a certain perlod, receive $70,318. 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 yearsStep by Step Solution
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