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Youre prepared to make monthly payments of $210, beginning at the end of this month, into an account that pays 6.2 percent interest compounded monthly.
Youre prepared to make monthly payments of $210, beginning at the end of this month, into an account that pays 6.2 percent interest compounded monthly. |
How many payments will you have made when your account balance reaches $12,000? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
Number of payments |
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