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1 pts Question 24 You're prepared to make monthly payments of $250, beginning at the first day of this month, into an account that pays

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1 pts Question 24 You're prepared to make monthly payments of $250, beginning at the first day of this month, into an account that pays 8 percent interest compounded monthly. How many payments will you have made when your account balance reaches $50,000? D Question 25 1 pts You want to borrow $80,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1.650, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR loan? (please put your answer in % for example, 10 not 0.10)

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