1 U Merge & Center Format Painter Clipboard Font Alignment N AutoSave OH F18 3 A B D E F G H You currently have $4,000 in a bank account that pays an annual rate of 1%, compounded monthly. You plan to make additional monthly deposits of $200, starting the end of this month. How many payments will you have 1 made when your account balance reaches $50,000? 2. 3 Answer 4 N Use the appropriate formulas and Excel 5 function to solve the problem (typed-in 6 PV solutions receive 0 credit). 7 PMT 8 FV 9 10 11 12 13 14 15 16 17 18 19