Kevin Hall has been offered the opportunity of investing $48,106 now. The investment will earn 4%...

 

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Kevin Hall has been offered the opportunity of investing $48,106 now. The investment will earn 4% per year and at the end of that time will return Kevin $80,100. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How many years must Kevin wait to receive $80,100? (Hint: Use Table 3.) (Round answer to 0 decimal places, e.g. 25.) Kevin must wait years Kevin Hall has been offered the opportunity of investing $48,106 now. The investment will earn 4% per year and at the end of that time will return Kevin $80,100. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How many years must Kevin wait to receive $80,100? (Hint: Use Table 3.) (Round answer to 0 decimal places, e.g. 25.) Kevin must wait years

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To calculate the number of years Kevin must wait to receive 80100 from ... View the full answer