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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 8 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 8 percent interest compounded monthly. |
Required:
How many payments will you have made when your account balance reaches $20,689? (Do not round your intermediate calculations.) |
Multiple Choice
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45
-
22.68
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55
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50
-
4.32
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