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  • Red Crimson Scarlet Lavender Olive Golden Silver Blue Purple Black

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    Akash Pawar
    3 views3 pages
    Mr. X borrowed an amount and must pay $1200 per month for 7 years (84 months total) to repay the loan with an annual interest rate of 9%. Using the financial formula, the present value of the loan was $902.26 and the future value will be $0 since the loan will be fully repaid.

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    Mr. X borrowed an amount and must pay $1200 per month for 7 years (84 months total) to repay the loan with an annual interest rate of 9%. Using the financial formula, the present value of the loan was $902.26 and the future value will be $0 since the loan will be fully repaid.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    3 views3 pages

    Red Crimson Scarlet Lavender Olive Golden Silver Blue Purple Black

    Uploaded by

    Akash Pawar
    Mr. X borrowed an amount and must pay $1200 per month for 7 years (84 months total) to repay the loan with an annual interest rate of 9%. Using the financial formula, the present value of the loan was $902.26 and the future value will be $0 since the loan will be fully repaid.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Red

    Crimson
    Scarlet
    Lavender
    Olive
    Golden
    Silver
    Blue
    Purple
    Black
    Mr X borrowed an amount and pay monthly the loan amount 1200 for 7 years with the interest rate of 9% annually.The Future

    PMT Rate Nper Pv Fv


    1200 1.33 84 ($902.26) 0
    of 9% annually.The Future value is zero.

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