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How many monthly payments of 1,000 does it take to accumulate 120,000, using end-of-month deposits in an account that earns 4.8% compounded monthly? Number of
How many monthly payments of 1,000 does it take to accumulate 120,000, using end-of-month deposits in an account that earns 4.8% compounded monthly? Number of payments: ___________ Please show working and calculations. NO EXCEL or EXCEL formulas
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