Question
You're prepared to make monthly payments of $300, beginning at the end of this month, into an account that pays 10 percent interest compounded monthly.
| You're prepared to make monthly payments of $300, beginning at the end of this month, into an account that pays 10 percent interest compounded monthly. |
Required:
| How many payments will you have made when your account balance reaches $18,514? |
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Multinational Finance
Authors: Kirt Butler
2nd Edition
0324004508, 978-0324004502
