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Please use excel functions. 19 part 4 20 21 present value (amount borrowed) = periodic interest rate = number of compounding periods = 4,500.00 0.0025
Please use excel functions.
19 part 4 20 21 present value (amount borrowed) = periodic interest rate = number of compounding periods = 4,500.00 0.0025 48.00 What is the periodic payment (annuity)? 22 23 24 part 5 25 present value = future value = number of compounding periods = 16.50 104.00 24.00 26 What is the periodic interest rate (single payment)? 27 28 29 part 6 30 31 periodic payment periodic interest rate = number of compounding periods = 1,800.00 0.02 15.00 What is the present value of this annuity? 32 33 34 part 7 35 36 present value = future value = periodic interest rate = 25.00 75.00 0.08 37 how many periods are required for the pv to equal the fvStep by Step Solution
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