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Help on pv function
Home Loan Schedule Principal $125,000 Rate 7.2% Years 20 Payment $984.19 per month Year Beginning Balance Ending Balance Total Paid 1 $125,000 11,810.24 My professor wants me to use the pv functon for the ending balance on come up with this figure of 122,095.14. I have tried everything and can not come up with this figure. I put 7.2%/12 for rate, 20*12 for nper and 984.19*12 for pmt. Please help |
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