Question
Youre prepared to make monthly payments of $380, beginning at the end of this month, into an account that pays 7.9 percent interest compounded monthly.
| Youre prepared to make monthly payments of $380, beginning at the end of this month, into an account that pays 7.9 percent interest compounded monthly. |
| How many payments will you have made when your account balance reaches $29,000? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| Number of payments |
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The Handbook Of Mortgage Backed Securities
Authors: Frank Fabozzi
6th Edition
0071460748, 978-0071460743
