Megan Brink is offered the possibility of Investing $13,119 today at 9% Interest per year in a desire to accumulate $22,000. How many years must Brink walt to accumulate $22,000? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "PV of a single amount" to 4 decimal places and final answer to the nearest whole number.) Present Value 1 1 Future Value p (PV of a Single Amount) Years years

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Megan Brink is offered the possibility of investing $13,119 today at 9% Interest per year in a desire to accumulate $22,000. How many
years must Brink wait to accumulate $22,000? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables
provided. Round your "PV of a single amount" to 4 decimal places and final answer to the nearest whole number.)
Present Value
Future Value
p (PV of a Single
Amount)
Years
years
Transcribed Image Text:Megan Brink is offered the possibility of investing $13,119 today at 9% Interest per year in a desire to accumulate $22,000. How many years must Brink wait to accumulate $22,000? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "PV of a single amount" to 4 decimal places and final answer to the nearest whole number.) Present Value Future Value p (PV of a Single Amount) Years years
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