You're prepared to make monthly payments of $240, beginning at the end of this month,
into an account that pays 9 percent APR compounded monthly.
Required:
How many payments will you have made when your account balance reaches $63,000?
(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