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You're prepared to make monthly payments of $380, beginning at the end of this month, into an account that pays 6 percent interest compounded monthly.

You're prepared to make monthly payments of $380, beginning at the end of this month, into an account that pays 6 percent interest compounded monthly.

How many payments will you have made when your account balance reaches $25,495?

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  • 4.96

  • 63.8

  • 27.71

  • 52.2

  • 58

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