Friday 13 February 2015

Bill Thompson expects to invest $8,000 at 15% and, at the end of a certain period, receive $74,861. How many years will it be before Thompson receives the payment? (Use table B.2.) (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)

Bill Thompson expects to invest $8,000 at 15% and, at the end of a certain period, receive $74,861. How many years will it be before Thompson receives the payment? (Use table B.2.) (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
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