#2 needs fixing. Bill Padley expects to invest $10,000 for 25 years, after...
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Accounting
#2 needs fixing.
Bill Padley expects to invest $10,000 for 25 years, after which he wants to receive $108,347. 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.) * Answer is complete but not entirely correct. Future Value Present Value Table Factor Interest Rate $ 108,347 $ 10,000 10.0000 10 %
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