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Consider the following question: Suppose that two years ago, you bought a piece of property in Northern Minnesota to build a little cabin. You arranged
Consider the following question:
Suppose that two years ago, you bought a piece of property in Northern Minnesota to build a little cabin. You arranged a loan for the purchase of the land with a term of five years at APR. Your monthly payments are $ and are due at the end of each month. Assuming that you have made the first two years of payments on time, how much is the remaining balance on the loan?
Which function in Excel would give you the correct answer to this question?
Group of answer choices
FV
FV
PV
PV
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