In an amortization problem where a debt is completely amortized,if we are given the values for PV,I,and N,then we can solve the problem despite having been given only three of the five time value variables involved.

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Quizplus · Accepted Answer

This is true because if we are given the present value (PV), the interest rate (I), and the number of periods (N), we can use the amortization formula to calculate the regular payment (PMT) and the total amount paid over the life of the debt. Therefore, we can solve the problem with only three of the five time value variables involved.

In an Amortization Problem Where a Debt Is Completely Amortized,if