Yoursquore prepared to make monthly payments of 185, Financial Management

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Yoursquore prepared to make monthly payments of 185

You’re prepared to make monthly payments of $185, beginning at the end of this month, into an account that pays 12 percent interest compounded monthly. Required: How many payments will you have made when your account balance reaches $52,000? (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).) Number of payments

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Financial Management: Yoursquore prepared to make monthly payments of 185

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