Question
You're prepared to make monthly payments of $390, beginning at the end of this month, into an account that pays 4 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 4 percent interest compounded monthly.
How many payments will you have made when your account balance reaches $24,909?
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Fundamentals Of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
4th Edition
9780132138079
