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Tom Thompson expects to invest $7,000 at 15% and, at the end of a certain period, receive $37,452. How many years will it be before
Tom Thompson expects to invest $7,000 at 15% and, at the end of a certain period, receive $37,452. 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 7 years, after which he wants to receive $22,370.30. 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 % Jones expects an immediate investment of $46,072.00 to return $8,000 annually for nine years, with the first payment to be received one year from now. What rate of interest must Jones 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.) Present Value Annuity Payment Table Factor Interest Rate % Keith Riggins expects an investment of $77,697.60 to return $8,000 annually for several years. If Riggins earns a return of 6%, how many annual payments will he receive? (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.) Present Value Annuity Payment Table Factor Annual Payments payments
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