löng will it take a $8,920 loan to accumulate interest of $480 if money eams 3.05% compounded quarterly? Refer to the -?"s in the table and considering inflows and outflows of cash, enter the appropriate values in the blanks below. Express the term in years and months, rounding up to the nearest month PY PSIT 3.05 N= PV = FV = #Months #Years
Unitary Method
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![How long will it take a $8,920 loan to accumulate interest of $480 it money eams 3.05%
compounded quarterly?
Refer to the "?"s in the table and considering inflows and outflows of cash, enter the
appropriate values in the blanks below.
Express the term in years and months, rounding up to the nearest month.
N.
CY
PV
PMT
PY
TV
3.05
4.
N =
PV =
FV =
#Months =
# Years=](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffbc435fd-3c52-44e2-9dc3-cac9acd47a4a%2Fe31e38db-bdeb-43c6-80a0-c66097169ec9%2Fnvmxiba_processed.jpeg&w=3840&q=75)
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