Youre prepared to make monthly payments of $265, beginning at the end of this month, into an
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Question:
You’re prepared to make monthly payments of $265, beginning at the end of this month, into an account that pays 9 percent interest compounded monthly.
Required: |
How many payments will you have made when your account balance reaches $68,000? |
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th Edition
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
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