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You're prepared to make monthly payments of $190, beginning at the end of this month, into an account that pays 7 percent interest compounded monthly.
You're prepared to make monthly payments of $190, beginning at the end of this month, into an account that pays 7 percent interest compounded monthly. How many payments will you have made when your account balance reaches $20,000? Monthly payment Interest rate Future value of account Months per year $ 190 7% $ 20,000 12 Complete the following analysis. Do not hard code values in your calculations. Number of payments
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