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Need help with this Tom Thompson expects to invest $10,000 at 12% and, at the end of certain period, receive $96,463. How many years will
Need help with this
Tom Thompson expects to invest $10,000 at 12% and, at the end of certain period, receive $96,463. How many years will it be before Thompson recelves the payment? (PV of \$1, FV of \$1, PVA of \$1, and FVA of \$1) Note: Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal placesStep by Step Solution
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