Problemyoure prepared to make monthly payments of 250, Ask an Expert

Finance

Problem:

You're prepared to make monthly payments of $250, beginning at the end of this month, into an account that pays 8 percent interest compounded monthly.

Requirement:

Question: How many payments will you have made when your account balance reaches $50,000?

Explain in detail.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91146193

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