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James is wondering how much money he needs to have to receive an annuity payment of $ 1 0 , 0 0 0 per month
James is wondering how much money he needs to have to receive an annuity payment of $ per month for years, after which time the payments will stop and his investment will be used up James believes he can earn on his investments. How many TVM inputs does James need to solve this problem? Two inputs the interest rate and time period Four inputs the interest rate, time period, payment amount, and present value Three inputs the interest rate, time period, and payment amount One input the interest rate
James is wondering how much money he needs to have to receive an annuity payment of $ per month for years, after which time the payments will stop and his investment will be used up James believes he can earn on his investments. How many TVM inputs does James need to solve this problem?
Two inputs the interest rate and time period
Four inputs the interest rate, time period, payment amount, and present value
Three inputs the interest rate, time period, and payment amount
One input the interest rate
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