Question
Youre prepared to make monthly payments of $200, beginning at the end of this month, into an account that pays 6.1 percent interest compounded monthly.
| Youre prepared to make monthly payments of $200, beginning at the end of this month, into an account that pays 6.1 percent interest compounded monthly. |
| How many payments will you have made when your account balance reaches $11,000? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| Number of payments |
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Finance And Sustainability
Authors: Karolina Daszyńska-Żygadło, Agnieszka Bem, Bożena Ryszawska, Erika Jáki, Taťána Hajdíková
1st Edition
3030344037, 978-3030344030
