Years to Payoff (solve for N) Chp 5.3,”10,000,000 PV8 ÷ 4 = 2 I/Yr (remember, there are 4 quarters in a year)-365
557.48 PMTSolve: N = 40Interpret: 10 years until loan is repaid.”
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Years to Payoff (solve for N) Chp 5.3,”10,000,000 PV8 ÷ 4 = 2 I/Yr (remember, there are 4 quarters in a year)-365
557.48 PMTSolve: N = 40Interpret: 10 years until loan is repaid.”