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Determining the number of periods

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Reference no: EM131703348

Compute the 6 month cost in two ways:

  1. Make 6 monthly computations. Enter these as formulas in a spreadsheet. (The goal here is really getting you to use spreadsheets and formulas for computations.)
  2. Use the formula, A= 1000(1 + r)N where N = the number of periods (6) and r = the periodic interest rate = APR/12, where APR is the annual percentage rate.

Reference no: EM131703348

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