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You're prepared to make monthly payments of $310, beginning at the end of this month,...

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Accounting

You're prepared to make monthly payments of $310, beginning at the end of this month, into an account that pays 7 percent interest compounded monthly.

Required:

How many payments will you have made when your account balance reaches $21,757? (Do not round your intermediate calculations.)

rev: 09_17_2012

Multiple Choice

  • 53.1

  • 64.9

  • 26.27

  • 5.07

  • 59

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