Question

Mr. Bond agrees to repay a loan by paying $600 at the end of EACH month for 5 years. The first payment is due at the end of t how do i plug in 29,991.12xPV0.6667%,5 in my financial calculator BA II Plus

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Answer #1

We see that using financial calculator
N=5
I/Y=0.6667%
FV=-29991.12
PMT=0
CPT PV=29,011.06

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