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Use the PV (Present Value) & FV (Future Value) function to determine the outstanding loan balance in Year 5 . Loan Principal $4,000,000 Loan Term
Use the PV (Present Value) & FV (Future Value) function to determine the outstanding loan balance in Year 5.
Loan Principal $4,000,000
Loan Term 15
Interest Rate 10.00%
Payment = 525,895
How do I solve for both PV and FV to find the 5 year amount in excel?
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