Question
You're prepared to make monthly payments of $370, 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 $370, beginning at the end of this month, into an account that pays 11 percent interest compounded monthly. |
Required:
| How many payments will you have made when your account balance reaches $24,509? (Do not round your intermediate calculations.) |
rev: 09_17_2012
57.2
52
20.26
4.55
46.8
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Handbook Of The Economics Of Finance Corporate Finance Volume 1A
Authors: George M. Constantinides, M. Harris, Rene M. Stulz
1st Edition
0444513620, 978-0444513625
