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Use the future value formula to find the indicated value. FV=3,000; i=0.03; PMT=$200; n=? n= (Round...

Use the future value formula to find the indicated value.

FV=3,000; i=0.03; PMT=$200; n=?

n= (Round up to the nearest integer as needed.)

Math   Statistics-And-Probability   
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Answer #1

No specific unit (year or month) of 'n' is mentioned in the solution. But generally 'n' is taken in year.

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