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You're prepared to make monthly payments of $390, 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 $390, beginning at the end of this month, into an account that pays 8 percent interest compounded monthly. |
How many payments will you have made when your account balance reaches $26,936? |
Multiple Choice
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51.3
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24.37
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62.7
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57
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4.92
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