Question
You're prepared to make monthly payments of $310, 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 $310, 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 $19,601? (Do not round your intermediate calculations.) |
Multiple Choice
-
20.89
-
45.9
-
51
-
4.44
-
56.1
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Financial Management For Public Health And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
7th Edition
1071835335, 978-1071835333
