you're prepared to make monthly payments of $190, beginning at the end of this month, into an account that pays 7 percent interest compounded onthly. How many payments will you have made when your account balance reaches $20,000?

Number of payments required is 82

Explanation:

Enter the following data in  the Financial Calculator and find n, the number of payments required.

Pv = $0

Pmt = $190

P/yr = 12

r = 7%

Fv = $20,000

n = ?

Thus n = 82.3084

Conclusion :

Number of payments required is 82

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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