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Use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem. PV=$16,000;i=0.02;PMT=$600;n=? n= (Round up to

image text in transcribed Use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem. PV=$16,000;i=0.02;PMT=$600;n=? n= (Round up to the nearest integer.) Use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem. PV=$16,000;i=0.02;PMT=$600;n=? n= (Round up to the nearest integer.)

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