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I am confused why N= 45 x 26. If the time period is 45 years... why is it multiplied by 26? Same with the interest.

I am confused why N= 45 x 26. If the time period is 45 years... why is it multiplied by 26? Same with the interest. Why is the 10% interest divided by 26? Lastly, why is the FV 10,000 and not 1,000,00...

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