Question
You're prepared to make monthly payments of $330, beginning at the end of this month, into an account that pays 11 percent interest compounded monthly.
You're prepared to make monthly payments of $330, beginning at the end of this month, into an account that pays 11 percent interest compounded monthly. How many payments will you have made when your account balance reaches $25,676?
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Entrepreneurial Finance
Authors: M. J. Alhabeeb
1st Edition
1118691512, 978-1118691519
