Tom Thompson expects to invest $12,000 at 15% and, at the end of a certain period, receive $97,645. How many years will...

Question

Question

Tom Thompson expects to invest $12,000 at 15% and, at the end of a certain period, receive $97,645. How many years will it be

business accounting

Answer 1

Answer #1

Future Value 97645 / Present value = Table Factor Years 12000 = | 8.1371 15

Answer 2

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