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You're prepared to make monthly payments of $225, beginning at the end of this month, Into an account that pays an APR of 6.5 percent
You're prepared to make monthly payments of $225, beginning at the end of this month, Into an account that pays an APR of 6.5 percent compounded monthly. How many payments will you have made when your account balance reaches $15,000 ? Note: Do not round Intermedlate calculatlons and round your answer to 2 decimal places, e.g., 32.16 . In December 2020 , the Milwaukee Bucks slgned Glannls Antetokounmpo to a contract reportedly worth $228.2 million. Antetokounmpo's salary was to be pald as $39,344,970 in 2022,$42,492,568 In 2023,$45,640,165 in 2024,$48,787,763 In 2025 , and $51,935,360 In 2026 . If the approprlate discount rate is 11 percent, what kind of deal dld the forward dunk? Assume all payments are pald at the end of each year. Note: Do not round Intermedlate calculatlons and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89
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