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For a 15-year loan paid monthly,which of the following would not be correct for the num_periods argument in the Pmt function?
Oral Agreement
A verbal contract in which the terms have been agreed upon through spoken communication, as opposed to written, but is still legally binding in some cases.
Perfection
In legal finance, the process of securing an interest in collateral, ensuring a lender's rights are prioritized over others in the event of borrower default.
Attachment
The legal process of seizing a defendant's property to ensure satisfaction of a judgment.
Public Notice
An official announcement made to the public through common communication channels.
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