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You're prepared to make monthly payments of $310, beginning at the end of this month, into an account that pays 9 percent interest compounded monthly.
You're prepared to make monthly payments of $310, beginning at the end of this month, into an account that pays 9 percent interest compounded monthly. |
How many payments will you have made when your account balance reaches $21,008? |
Multiple Choice
- 49.5
- 22.74
- 55
- 60.5
- 4.77
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