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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=$7,000; i=0.025; PMT=$550; n=? Please
Use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem. PV=$7,000; i=0.025; PMT=$550; n=? Please round up to the nearest integer. N=_________
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
