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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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