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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 = $20,000; i =

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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 = $20,000; i = 0.01; PMT = $500; n= ? n = (Round up to the nearest integer.)

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