Use the formula for the present value of an ordinary annuity or the amortization formula to...

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Use the formula for the present value of an ordinary annuity or the amortization formula to...

Use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem. PV=$10,000 I =0.01 PMT=$500 N =? N =? (Round up to the nearest integer.)

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