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You're prepared to make monthly payments of $330, beginning at the end of this month, into an account that pays 10 percent annual interest (APR),
You're prepared to make monthly payments of $330, beginning at the end of this month, into an account that pays 10 percent annual interest (APR), compounded monthly. |
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How many payments will you have made when your account balance reaches $22,906? (Do not round your intermediate calculations.) |
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