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Time Value of Money - Excel and Financial Calculator ( show formula and key entries for each question ) You can afford $ 6 3

Time Value of Money

-

Excel and Financial Calculator

(

show formula and key entries for each question

)

You can afford $

632

per month. Going rate

= 1 % /

month for

48

months. How much can you borrow?

You borrow money TODAY so you need to compute the present value.

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