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C. 12.9 yrs at $40/montr D. $40/month CANNOT pay off the debt E. None is correct Today is your 21st birthday and you just dec
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Answer #1

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Function Arguments ? x NPER 1 1 = 0.006666667 = -500 Rate 8%/12 Pmt -500 Pro Fv 1000000 Type d 1 = 1000000 = 400.7179937 Retu

Hence, correct option is A. 33.39 years

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