Question: Assuming you wanted to find P, how would you do it assuming an interest rate of 7%? iz 8 9 10 11 12 0 1

Assuming you wanted to find P, how would you do it assuming an interest rate of 7%? iz 8 9 10 11 12 0 1 2 3 4 6 7 $500 There is not enough information to determine P. P = 500(PIA 7%, 12). First find V7, then P =V7(1.07) First find V7, then P = V (1.07)7

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