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You are prepared to make monthly payments of $245, beginning at the end of this month, into an account that pays 8 percent interest compounded
You are prepared to make monthly payments of $245, beginning at the end 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 $64,000? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Number of payments
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