Question
Use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem. PV=$5,000 i=0.01 PMT=$300 n=?
Use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem. PV=$5,000 i=0.01 PMT=$300 n=?
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PV PMT where 1 1 i i PMT 300 U ...
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
