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You're prepared to make monthly payments of $350, beginning at the end of this month, into an account that pays 12 percent interest compounded monthly.

You're prepared to make monthly payments of $350, beginning at the end of this month, into an account that pays 12 percent interest compounded monthly.

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How many payments will you have made when your account balance reaches $22,562? (Do not round your intermediate calculations.)

rev: 09_17_2012

50

45

4.39

55

19.12

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