When using time value of money to calculate how long it will take to pay off...

When using time value of money to calculate how long it will take to pay off a debt, what do you solve for?

A) Number of Periods

B) Present Value

C) Interest Rate

D) Future Value

Expert Solution

The correct answer is Number of Periods

The Number of periods is the total number of period it will take to pay off thr debt, Therefore, the correct answer is Option A

jeff jeffy answered 2 years ago

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When using time value of money to calculate how long it will take to pay off...

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