Question: To solve for the payment value using a financial calculator, you will need to input the values of N , , and PV . Make

To solve for the payment value using a financial calculator, you will need to input the values of N,, and PV. Make sure you enter a zero for FV, because the loan will be paid off at maturity. In this question, compounding is on an annual basis, so the P/Y should equal 1.
You may also use an Excel spreadsheet to find the payment value.

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