Interest compounded monthly

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Reference no: EM131847895

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

Reference no: EM131847895

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