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What keys do not change when working with periods other than years? How can you tell what time period to use? Assume you are working
- What keys do not change when working with periods other than years?
- How can you tell what time period to use?
- Assume you are working on a monthly loan payment problem. You are told the annual interest rate is 5% compounded monthly, and the loan term is 15 years. What should the values be for N and I/Y for this problem?
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