Question: Never round intermediary steps (or keep at least 4 decimal places), SHOW ALL WORK, and LABEL your answers. Problem #4: Calculating the Number of Payments
Problem #4: Calculating the Number of Payments You believe that you can make payments of $210 per month into an IRA that has guaranteed you a 6% interest rate compounded monthly. A How many payments will you have made when your account balance reaches 557,000? Hint: Align pit and rate terms, use a negative for payments because it is your outflow 8. How many years is that? Hint: Part A should equal the number of months and partial months. Below Question is unrealated to A&B One of your customers is behind on their accounts payable balance. You have agreed to a repayment schedule of $530 per month. C. If you charge 0.93% per month interest on the overdue balance of $14,750, how long will it take for the account to be paid off in years)
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