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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=$13,000; i=0.03; PMT= $500; n=?

Use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem.

PV=$13,000; i=0.03; PMT= $500; n=?

n = (round up to the nearest integer.)

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