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You goal is to have $21,000 in your bank account in the near future. Suppose you're going to deposit $300 to your bank account at
You goal is to have $21,000 in your bank account in the near future. Suppose you're going to deposit $300 to your bank account at the end of each month. The interest rate quoted is 7.1%. With monthly compounding, how many payments do you need to make to reach your goal?
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