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Justine pays $200 a month for five years at 6 percent interest. Which of these is the correct input for determining the amount borrowed? Click
Justine pays $200 a month for five years at 6 percent interest. Which of these is the correct input for determining the amount borrowed? Click the answer you think is right. N = 60; I = 6/12; PV = -200; FV = 0; CPT PMT N = 60; I = 6/12; PMT =-200; FV = 0; CPT PV N = 12; 1 = 6/12; PV = 0; PMT=-200; CPT FV N = 5; I = 6; PMT = -2,400; FV = 0, CPT PV
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