7-11 P. = PMT[PVFA,,] + FV[PVF $1,291.31 = PMT(11.6523) + $1,000(.5339) When PMT = $65...
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7-11 P. = PMT[PVFA,,] + FV[PVF $1,291.31 = PMT(11.6523) + $1,000(.5339) When PMT = $65 : $65 / $1,000 = 6.5% per semiannual period, 13% per year : n = 16; I/Y = 4; PV = 1,291.31; FV = 1,000 CPT PMT = $65.00
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