You’re prepared to make monthly payments of $330, beginning at the end of this month, into...
You’re prepared to make monthly payments of $330, beginning at
the end of this month, into an account that pays 7.4 percent
interest compounded monthly.
How many payments will you have made when your account balance
reaches $24,000? (Do not round intermediate calculations
and round your answer to 2 decimal places, e.g.,
32.16.)
Number of payments
Homework Answers
Answer - Number of payments = 60.27
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