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1. Whats the basic PV equation? Explain the variables in the equation. 2. How to find the number of compounding periods using a financial calculator?

1. Whats the basic PV equation? Explain the variables in the equation.

2. How to find the number of compounding periods using a financial calculator?

3. If you borrow money from your credit card, do you pay compounding interest rate or simple interest rate? If its compounding interest, is it on daily basis, on monthly basis, or on yearly basis?

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