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Youre prepared to make monthly payments of $175, beginning at the end of this month, into an account that pays 10 percent interest compounded monthly.
Youre prepared to make monthly payments of $175, beginning at the end of this month, into an account that pays 10 percent interest compounded monthly. |
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How many payments will you have made when your account balance reaches $50,000? (Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
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