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QUESTION
Suppose that you want to know how many payments of $100 you will be able to withdraw if you deposit $375 and the interest rate is 2.63%. Using the
Suppose that you want to know how many payments of $100 you will be able to withdraw if you deposit $375 and the interest rate is 2.63%. Using the Present Value how do you solve?
Answer:PMTPVrateFVNumber of PaymentsExcel function used $100$3752.63%03.62 or 4=-NPER(C5,C3,C4,0)