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You are preparing to make monthly payments of $100, beginning at the end of this month, into an account that pays 5 percent interest compounded
You are preparing to make monthly payments of $100, beginning at the end of this month, into an account that pays 5 percent interest compounded monthly. How many payments will you have made when your account balance reaches $10,000 ? Multiple Choice 97.30 83.77 89.46 100.00
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