Interest compounded monthly

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Reference no: EM13877660

You’re prepared to make monthly payments of $180, beginning at the end of this month, into an account that pays 11 percent interest compounded monthly.

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How many payments will you have made when your account balance reaches $51,000? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Reference no: EM13877660

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