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Should she use to obtain the factor used to calculate pv

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Question - Gwen is looking to have a $19,000 down payment on a loan. If she finds an investment option that pays 12% interest compounded monthly for four years, what percentage and number. Should she use to obtain the factor that will be used to calculate the present value in the formula PV = (future value) (factor)?

Reference no: EM133118408

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