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Youre prepared to make monthly payments of $380, beginning at the end of this month, into an account that pays 6 percent interest compounded monthly.
Youre prepared to make monthly payments of $380, beginning at the end of this month, into an account that pays 6 percent interest compounded monthly.
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How many payments will you have made when your account balance reaches $23,988? (Do not round your intermediate calculations.)
- 60.5
- 49.5
- 55
- 26.88
- 4.71
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